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HSBC Launches Ecosmart MasterCard

by Peter Andrew
HSBC Launches Ecosmart MasterCard

HSBC launched a new MasterCard into the growing “green” credit card field yesterday, with the introduction of the Ecosmart MasterCard.

Ecosmart MasterCard holders will receive one point for every dollar in purchases with the card, and can use those points to donate to environmental organizations including The Climate Group, Earthwatch Institute, Smithsonian Tropical Research Institute, Arbor Day Foundation, Wind Power Renewable Choice, and Our Energy.

If they lose their environmental zeal in the future, cardholders can instead use the points for cash back, travel rewards, gift cards or other traditional credit card rewards.

HSBC’s Ecosmart MasterCard joins several other “green” credit cards introduced in the past year or so, including the Brighter Planet credit card from Bank of America, and the Earth Rewards credit card from GE Money.

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