The Power of the Karma Score: How Spending Insights can Change Your Wallet for the Better

51% of our users have increased their Karma Score after they learned about the impact of their purchases through Karma Wallet.

June 12, 2024


Does knowing about how and what you spend really make an impact on habits long term? At Karma Wallet, we’ve seen how making mindful purchases reflects positively not just on the planet but also on personal finances. We’ve captured this effect in what we call the “Karma Score,” – kind of like a credit score for sustainability – and now, we’re taking it a step further with the launch of the Karma Wallet Card.

Since introducing the Karma Score in 2021, 51% of our users have increased their scores after they connected their banking cards to their Karma Wallet accounts and learned about the impact of their purchases.

On average, users boost their Karma Scores by over 3 points, reflecting a shift towards more sustainable and ethical purchasing. Our score range shows the overall impact of your shopping, from negative, neutral to positive, pinpoint exact purchases that  impact your rating.

The power of the Karma Score from Karma Wallet

To make managing your ethical spending easier, we’ve introduced the Karma Wallet Card. This isn’t just another piece of plastic—it’s a powerful tool for positive change [& it’s 85% recycled]. It’s a prepaid debit card, backed by an intuitive app, designed to transform how you spend.

Our co-founder and CEO, Jayant Khadilkar, emphasizes the impact of this innovation, stating, “This is a significant step forward in actualizing our vision of blending ethical practices with everyday financial choices. It symbolizes our dedication to a future where financial empowerment and sustainable living are one and the same.”

So, how Does the Karma Wallet Card Turn Spending Into Positive Impact?

Real-Time Impact Tracking

The moment you hit purchase, you get real-time feedback on how your spending stacks up towards the planet. Knowledge is power and we’ve provided the most convenient avenue to tracking your wallet.

The power of the Karma Score from Karma Wallet

Rewards That Reinforce Good Habits

Earn up to $300 cashback** per year when shopping from our network of 18,000+ brands that share your commitment to sustainability. Plus, you can get 10% cashback on every purchase through our sustainable marketplace with over 140+ ethical brands, DoneGood.

The power of the Karma Score from Karma Wallet

Automatic Contributions to Causes You Care About

Imagine grabbing your morning coffee from a local cafe that sources organic beans and employs sustainable practices. With the Karma Wallet Card, not only do you enjoy your brew, but you also see the positive impact of your choice right in the app.

From fighting hunger with each dining out experience to reforesting the planet every time you buy gas, your everyday actions contribute to significant change.

The power of the Karma Score from Karma Wallet

The Karma Wallet Card does more than just facilitate payments. It’s a change-maker in your pocket, turning every transaction into a step towards a sustainable future. By joining Karma Wallet, you’re not just managing your finances—you’re investing in a healthier planet and a more equitable society. 84% of Americans believe corporations are responsible for creating change, let’s show them just what we think with our purchase power.

Are you ready to transform how you think about spending? Sign up for the Karma Wallet Card today and take advantage of our limited-time offer: get your first year of membership absolutely free if you join by June 19th. Let’s make every dollar count towards building a better tomorrow. 

*The Karma Wallet Visa® Prepaid Card is issued by Pathward®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. The Karma Wallet Visa Prepaid Card is powered by Marqeta. The Karma Wallet Visa Prepaid Card can be used everywhere Visa debit cards are accepted.

**This optional offer is not a Pathward product or service nor does Pathward endorse this offer. Up to 20%* cashback with eligible brands.