Article View: ca.environment
Article #6668Re: A Good Environmentally Correct Credit Card
From: Marc Rumminger
Date: Wed, 30 Aug 1995 00:00
Date: Wed, 30 Aug 1995 00:00
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In article <41iop2$acg@agate.berkeley.edu>,
Bryce Nesbitt <bryce@remarque.berkeley.edu> wrote:
>I have no relation to the following program other than as a satisfied
>member and customer:
>
>
>MBNA bank and The Nature Conservancy offer a no-compromises "affinity"
>credit card. Unlike other such cards, there is no outrageous annual
>fee or ridiculous limited service.
>
>The Conservancy gets .5% of each purchase plus an unspecified yearly
>contribution. While small (only $50 if you spent $10,000 a year), it
>is something. The Conservancy is a very effective and established
>environmental organization. They protect land the old fashioned way:
>they buy it. They also buy development rights and broker land exchange deals.
>
>The customer gets a no-fee full featured card. The regular card has car
>rental damage coverage, travel insurance and travel services. The gold card
>adds purchase security, extended warranty and all the regular gold features.
>APR is 7.9% introductory, 17.9% regular. Grace period is 25 days. Average
>Daily Balance method. 2% cash advance fee.
>
>1-800-847-7378. "EF-234" Tree Frog, "EF-385" Heron, "EF-386" Otter
>or for gold service, "31-633" and no picture.
>
I had a MBNA "Save-the-Earth" type card for a few years. It was like
the card described above and donated a portion of my expenditures to
a group of charities. When I signed up, I was hoping that it would
be a relatively low impact card with such features as:
- envelopes and monthly statements printed on paper
with a high post-consumer waste content
- envelopes without plastic or glassine windows
- no junk enclosures
- no random mailings
What I got, though, was just like any other credit card, but donated a trivial
amount of money to my favorite charities. Some of the things about the
card that really offend me include:
- plastic windows on every envelope
- lots of glossy inserts about collector's plate offers or other junk
- statements made of virgin, bleached paper
- mailing from MBNA about their frequent buyer programs, or a mailing
containing their "checks" (with only a $4 transaction fee per check,
plus instant interest charges)
Isn't there a credit card that does more than just donate a little bit
of money ? Does a card exist that does minimal environmental damage ?
-------------------------------------------------------------
Marc Rumminger mrum@pyrolab.berkeley.edu
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10df74,136fa154dcd63298,start X-Google-Attributes: gid10df74,public From: mrum@pyrolab.ME.Berkeley.EDU (Marc Rumminger) Subject: Re: A Good Environmentally Correct Credit Card Date: 1995/08/30 Message-ID: <420gmt$7n6@agate.berkeley.edu> X-Deja-AN: 109110805 distribution: us references: <41iop2$acg@agate.berkeley.edu> organization: University of California, Berkeley newsgroups: ca.environment