CONCLUSION
Credit card which is my product has a negative impact on people because on the way they used their credit card. consumers think that using their credit cards for online shopping or other necessary things they might need to buy is a good thing, but they are actually wrong because is bad thing. They might not know if someone is taking their money and then might have to pay the overdraw of the credit card they have. Some other negative impact are that consumers may continuously roll over the balance for several months. Also when consumers default on credit card payments, you are charged with late fees and interest increasing your debt load.
The Environmental Effects of my product is that credit is made out of plastic. Plastic was or made of polyvinyl chloride acetate , with the first viable and cheap. This affects the environment because when people change credit cards they have to recycle but credit card is plastic and it would take time to recycle and there a new credit card that it’s made out of metal. Human cost and the Environmental cost are related because for human cost Online-exclusive $100 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening and this is also for the environmental cost. Another example is 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter so this is how they are both related.
My product is credit card and my role as a consumer is how credit card works and for the consumer too. This is how it works when you make a payment, your card issuer generally must credit your account the day they receive it, but there are exceptions. For you consumer and for me too is that your issuer can specify reasonable requirements for payment. For example, your issuer can set a reasonable cut-off hour for your payment to be received for crediting on that day, but generally, it can't be before 5 p.m. on the due date at the location the issuer specifies. Your issuer doesn’t have to credit your account the day your payment is received if a delay won’t result in a charge to you. It’s important to pay your bill on time. If you don’t, count on paying late fees and additional finance charges. How i feel about it is that I’m not really sure if i should feel good or bad about how credit card works and for the consumer but at least i know how it works that how i feel about.
What people will have to do in order to have their credit card should be safer so that there is no impact and environmental effects to make the situation better. The banks will have to allow people to link all of their accounts so people will have fewer cards, which will also be safer. This production should be completed in one or two years so the credit cards of the consumer are safer. This action should be taken because when people used the credit card to buy the necessary things or that they like or including online shopping they take the money of the consumer but not only online shopping also malls, and stores. This action will improve the situation better because this way people have their credit card improve and better. Also it will prevent from people or stores taking the consumer money of their bank account by using their credit card.
The Environmental Effects of my product is that credit is made out of plastic. Plastic was or made of polyvinyl chloride acetate , with the first viable and cheap. This affects the environment because when people change credit cards they have to recycle but credit card is plastic and it would take time to recycle and there a new credit card that it’s made out of metal. Human cost and the Environmental cost are related because for human cost Online-exclusive $100 cash rewards bonus after you spend at least $500 on purchases in the first 90 days of account opening and this is also for the environmental cost. Another example is 1% cash back on every purchase, 2% at grocery stores and 3% on gas for the first $1,500 in combined grocery store and gas purchases each quarter so this is how they are both related.
My product is credit card and my role as a consumer is how credit card works and for the consumer too. This is how it works when you make a payment, your card issuer generally must credit your account the day they receive it, but there are exceptions. For you consumer and for me too is that your issuer can specify reasonable requirements for payment. For example, your issuer can set a reasonable cut-off hour for your payment to be received for crediting on that day, but generally, it can't be before 5 p.m. on the due date at the location the issuer specifies. Your issuer doesn’t have to credit your account the day your payment is received if a delay won’t result in a charge to you. It’s important to pay your bill on time. If you don’t, count on paying late fees and additional finance charges. How i feel about it is that I’m not really sure if i should feel good or bad about how credit card works and for the consumer but at least i know how it works that how i feel about.
What people will have to do in order to have their credit card should be safer so that there is no impact and environmental effects to make the situation better. The banks will have to allow people to link all of their accounts so people will have fewer cards, which will also be safer. This production should be completed in one or two years so the credit cards of the consumer are safer. This action should be taken because when people used the credit card to buy the necessary things or that they like or including online shopping they take the money of the consumer but not only online shopping also malls, and stores. This action will improve the situation better because this way people have their credit card improve and better. Also it will prevent from people or stores taking the consumer money of their bank account by using their credit card.