Go Green with your Credit card — Finance

July 28th, 2011 › immigration laws › admin ›

Barclaycard are the latest business to offer a ‘green’ product to be able to its growing ethically involved customers who want to lower their carbon footprints. They have announced that their new eco-friendly bank card will be called ‘Breathe’. To ensure it’s green credentials the card is made from PETG which is the greener alternative to plastic-type. There will also be no paper statements, they will offer recycling for expired cards and all marketing for the ‘Breathe’ card will be done online. The card offers clients discounts and low price borrowing when green items are bought. In addition to this Barclaycard will give 50% regarding after tax profits (approximated at 1 million in its fresh) from the card to environment projects that are dedicated to reducing carbon emissions.

Barclaycard have also not too long ago, along with eight other market leaders – B&Q, British Gasoline, Marks & Spencer, Sky, Tesco, Royal & Sunlight Alliance and O2, introduced a government backed marketing campaign titled ‘We’re in this together’ which aims to help every UK family cut their carbon emissions by one tonne over the subsequent three years.

Barclaycard isn’t the only loan provider to be catering to the developing demand for ethical borrowing. Virgin have also launched a green charge card and claim that they have ‘beaten’ Barclaycard inside the green stakes because their credit card is ‘bio-degradable’ and they also promise to not just pay lip-service to the atmosphere but offer on-going dedication to environmental issues. The Co-operative Lender is generally regarded as being the most honest with all their financial services offering environmental incentives.

The growing popularity of green financial products is encouraging more people to consider a good ethical approach to their financial situation. Not only are they looking at their own environment positions but they are also showing concern at what their banks and financial businesses are doing for the environment.

HBOS, the particular Abbey and the Yorkshire Building Society possess both announced plans to expose green financial products and you should anticipate many more credit card lenders pursuing suit.
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