Credit Cards Getting Green!
General Electric Co. issued a credit card on Wednesday it says will be the first to cut help U.S. cardholders voluntarily cut emissions linked to global warming.
The card, called GE Money Earth Rewards Platinum Mastercard, allows users the option of automatically contributing up to one percent of their card purchases to buy greenhouse emissions offsets.
In voluntary emissions markets, consumers who feel guilty about their greenhouse emissions can buy offsets, or credits, designed to represent emissions reductions that took place somewhere else, like a solar or wind power farm.
“Earth Rewards cardholders will now have a new tool to complement the ways they are already reducing their emissions,” Tom Gentile, an executive at GE Money said in a release. “They can turn everyday purchases into extraordinary rewards.”
For more info visit: http://www.myearthrewards.com/creditcard.html?
September 1st, 2007 at 3:51 am
Barclaycard in the UK did something similar recently - donating “half of all profits” to carbon off-setting schemes. However I can help wonder that people couldn’t contribute more by simply donating the money saved by getting a normal market leading product!
November 13th, 2007 at 3:10 am
Nowadays, credit card companies and banks do their best to attract more people. They created special offers that can be of great help for people. For example, Marriott Rewards Visa credit card ( http://www.requestcredit.com/Immediate-credit-card-care-service-881973-page_32.php )gives people an opportunity to get free night stays at hotels. So, it will be popular with travellers.