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Credit cards part of green financial services evolution

Wed, 22 Aug 2007

Becoming greener is a preoccupation for many UK consumers. The trend of reconsidering how we live and act has caused thousands of individuals and businesses to re-evaluate their decisions, including their financial services choices. One way in which the financial services industry is becoming greener is in the credit cards sector.

Consumers are becoming aware that the credit card industry is not particularly environmentally friendly, particularly with the amount of plastic being used and then binned. A number of credit card providers are approaching this situation with innovative measures.

For instance, Barclaycard has created a new card that can be used to pay for several different purposes. Credit cards are also beginning to offer greener discount services – for instance pointing consumers in the direction of environmentally sound services. The introduction of multi-purpose credit cards may help to reduce the number of cards required.
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