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Green Pay Credit Card is Al Gore Approved
Nov 12, 2007
The Fintura Corporation in conjunction with MetaBank offers the GreenPay MasterCard credit card program for environmentally conscious consumers and businesses.

The goal is to reduce CO2 emissions or the "carbon footprint" left from our everyday activities (greenhouse gases produced from burning fossil fuel and indirectly by the breakdown of everyday products.) The average US household of 4 produces over 35 thousand pounds of C02 each year.  "Carbon offsetting" refers to compensating for dangerous C02 emissions with an opposite carbon dioxide savings.  This involves calculating your carbon footprint and purchasing carbon offset credits from emission reduction projects.

The Green Pay credit card applies your reward points toward approved offset initiatives including agricultural, landfill, coal mine methane and forestry projects. Depending on what you buy, you can offset your personal carbon footprint by 5 to 10 lbs per dollar spent.

The irony is that gasoline purchases earn you the most credits.  So the more gas you consume, the more credits you earn.  Is there something wrong with this picture?  

Recent Nobel Prize winner Al Gore gave the credit card a nod on his blog earlier this year.

~Linda Bustos is a blogger for Creditor Web, where you can apply online for credit cards and conserve paper.
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Posted: Nov 12, 2007 8:42pm
UK Credit Card Rewards "Eco-Consumerism"
Nov 3, 2007
In the UK, the Co-Operative bank launched the "Think Card," a credit card that offers a reduced interest rate for "ethical purchases" from 16 ethical partner merchants including Lush, Ikea and Adili.com, Raleigh bikes and public transit purchased through thetrainline.com and Arriva.

A rate of 7% for purchases at participating stores will be applied for 6 months, rather than the card's regular rate of 14%.

New cardholders will receive discounts from Ecotricity (a green energy supplier), Ecofirst and Nigel's Eco Store.

Co-operative will also pledge to protect half an acre of rainforest in the name of every new customer who uses the card at least once, and donate 25p for every £100 spent to the rainforest charity Cool Earth.

Rob Harrison of the Ethical Consumer Research Association praises the move toward ethical spending. "By buying Think-approved products, all of which are at the forefront of responsible corporate behaviour, you can not only lend your support to ethically progressive companies, but also put pressure on those that are lagging behind," he said.

~Linda Bustos is an Editor for Creditorweb, where you can learn about credit cards and debt management.
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Posted: Nov 3, 2007 5:31pm

 
 
 
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Linda Bustos
female, age 28,
Canada
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