How can a credit card be green? I just read about GreenPay, a new credit card by Mastercard.
It’s plastic and it’s green! There is a green credit card, GreenPay ,which is made of out recycled plastic. The card promises to help reduce carbon and here are the details:
- 10 pounds of CO2 reduction for each $1 of eligible net purchases for gasoline and household utilities
- 5 pounds of CO2 reduction for each $1 of other eligible net purchases *
- New account bonus: 10,000 pounds of CO2 (which is the average annual CO2 emission of a car in the U.S.)1 will be removed as a bonus for your first card purchase
- CO2 reductions are independently certified
I am not sure how much this helps the environment, but I applaud Mastercard for taking a step in the right direction. BTW, if you do get the card, request that you get credit card statements emailed to you and pay bills online so that you reduce paper.