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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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