HSBC Unveils Green Credit Card

May 29, 2008

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HSBC has launched a credit card with green rewards.

Customers who spend at least $3,000 using HSBC’s new ecosmart MasterCard can redeem earned points in the form of charitable donations to organization involved in the HSBC Climate Partnership, including Earthwatch Institute and Smithsonian Tropical Research Institute. Other organizations that HSBC card members can support with their earned points include Arbor Day Foundation, Wind Power Renewable Choice, and Our Energy.

Card members, who will receive one reward point for every dollar spent on the new card, will also be able to redeem reward points for environmental-friendly merchandise, such as a rechargeable mulching mower or a garden composter, or to purchase gift cards at various retailers.

Some banks have been reluctant to market green credit cards because they don’t want to appear “too green” or judgmental of their customers’ behavior.

Others have embraced the idea:

Brighter Planet launched a green card with Bank of America.

GE launched the GE Money Earth Rewards Platinum MasterCard.

MetaBank issued a GreenPay MasterCard.

Barclaycard has a green credit card

Wells Fargo offers a credit card with renewable energy reward options.

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Reader Comments

This is the sort of thing that needs to continue happening, in order for demand to catch up with what we know of what we must do to change the world. The We Are Many Festival, as well as other efforts, seek to speed up this movement. Congrats HSBC! Contact me if you’d like to invest more in the green movement.

Hunter | May 29th, 2008

If you’re interested in a real green credit card where you are paid money’s on the card for producing energy, visit http://www.brobecksolarenergy.com.

Bill | December 30th, 2008

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