Consumer Payment Card News

Brighter Planet Card

Another “green card” has entered the U.S. marketplace that generates contributions for clean and renewable energy projects. The new “Brighter Planet VISA” from Bank of America enables cardholders to earn one “EarthSmart” point for every $1 spent in purchases. Points earned with the new credit card are automatically redeemed each month to support renewable energy projects. Each 1,000 points earned is projected to offset one ton of carbon dioxide. Also, for every two base points earned through December 2008, BofA will make a matching contribution of one additional point. Additionally, cardholders will earn 1,000 bonus points after the first card use and an additional 1,000 bonus points after signing up for paperless credit card statements. The card will be available at BofA banking centers early next year. Besides the “Brighter Planet VISA,” BofA and Brighter Planet are offering the ability for current BofA “WorldPoints” cardholders to redeem points to offset greenhouse gas emissions. The two companies are also planning to launch new deposits products in early 2008 that will help Brighter Planet further support the construction of renewable-energy projects. For more information visit: “http://www.newcardonline.com”:http://www.newcardonline.com and enter priority code FABZDN.

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