With Earth Day rapidly approaching, we have a good excuse to review our green options when it comes to plastic (or corn, if you prefer). After all, even Leo DiCaprio has recently been touting a new HSBC green credit card for the Hong Kong market. What does it mean for a credit card to be green? Well, the HSBC card is made from environmentally-friendly materials, requires the use of digital billing to cut down on paper waste, and donates a portion of each charge towards a local environmental protection project. While that card is not available in the US yet, there are a number of other green credit cards already here.

Green Credit Cards
Here’s a rundown:

• The Brighter Planet Visa
  Every $1,000 spent in purchases with the card earns 1,000 points that will fund an estimated 1 ton of carbon offsets. In addition, you’ll earn 1,000 bonus points with your first transaction and another 1,000 points for using paperless statements. Also, until December 2008, Bank of America will match each two base points earned with the contribution of another point, equivalent to a 50% bonus.
• World Asssets Visa Signature Card
  For every purchase made on the card, 10 cents will be donated to nonprofit groups like the Ocean Conservancy and Global Fund for Children. In addition, the card earns WorldPoints which can be used towards cash rewards, travel rewards and more.
• Salmon Nation Visa
  A percentage of the income derived from the Salmon Nation Visa program goes directly to Ecotrust, a conservation organization aiming to strengthen communities and the environment from Alaska to California.
• GE Earth Rewards Credit Card
  This card from GE Money allows you two rewards options: 1) You can choose to contribute either a full 1% of your net purchases to emission reduction projects or 2) 0.5% towards emission offsets and 0.5% cash back for yourself. On Earth Day each year you’ll receive a statement that shows how your reward was spent to help reduce greenhouse gas emissions.
• World Wildlife Fund Card
  1% of each purchase will go towards the World Wildlife Fund, an organization with a mission to save endangered species and protect endangered habitats. In addition, Chase will donate $50 for each new account opened online.
• GreenPay MasterCard
  For each net $1 spent on gasoline and household utilities, the GreenPay Rewards program will provide 10 pounds of carbon offsets. For each $1 spent on everything else, the program will provide 5 pounds of carbon offsets. In addition, 10,000 pounds of CO2 will be removed as a first purchase bonus.
• Nature Conservancy Visa
  0.65% of your net purchases will go to the Nature Conservancy, a leading conservation organization committed to protecting ecologically important lands and waters. In addition, new card members will receive a complimentary 1 year membership and subscription to Nature Conservancy magazine.
• Bass Pro Shops Outdoor Rewards Platinum Plus Visa Card
  With each card purchase, Bass Pro Shops and the National Fish and Wildlife Foundation will make a contribution to help conservation efforts, with a guaranteed yearly contribution as high as $1.5 million, at no additional cost to you. You’ll also receive a $25 gift card after your first use.

Green Rewards Programs
Credit card issuers have expanded your rewards options recently, so that even general-use credit cards can earn green rewards. Here’s a sampling:

• Wells Fargo Enhanced Rewards
  Wells Fargo credit card users can enroll in an optional rewards program where the points that they earn can be used towards various green rewards, such as a solar charger or a garden composter. You can also choose to redeem reward points to support renewable energy projects and receive certificates for your donations. Enrolling in the rewards program costs $19 (or 2,000 points) a year for your credit card only, or $29 a year to enroll both your credit card and Check Card.
• Bank of America WorldPoints
  Bank of America offers any of its credit card holders who earn WorldPoints to redeem them for a wide range of eco-friendly products and projects. Any Bank of America credit card that earns WorldPoints is eligible to earn these rewards at no additional cost.
• Citi Thank You Network
  As part of its Thank You rewards network, Citi also offers a range of environmentally-responsible rewards. For instance, your Thank You points can be redeemed in exchange for having trees planted or for energy-saving CFL light bulbs.

Another Green Alternative
There’s also another option to consider when going green: instead of selecting a credit card specifically because it is green, you can always choose the best cash back card available and donate the cash rewards to your favorite environmental cause. It is slightly less convenient, but there at least three obvious benefits: 1) any donations will be tax-deductible, 2) you should be able to earn more rewards for your charity, and 3) you’ll have more choice as to exactly how your money is spent.

Regardless of the card you choose, chances are your issuer allows and even encourages your use of electronic-only statements. That’s one sure-fire way to get greener, and save both trees and gas.

This post is from Credit Card Watcher’s Credit Card Deals Blog.

Green Credit Cards: An In-Depth List

In a Montana casino, a single gambler used his credit card to obtain cash advances, with which he then used the money to gamble. The casino reported the cash advances as food or beverage sales, with each transaction between $50 and $600.

This is actually against the law in Montana, as the law prohibits gambling on credit. The idea is, a gambler might walk into a casino and lose everything he has in his pocket or bank account; but can’t lose his shirt because he isn’t able to run up a credit tab for gambling losses.

The casino had to pay fines, return the money to this particular gambler, and make a donation to the Montana Council on Problem Gambling. The law is becoming more strict, and every month a few new cases around Montana are investigated.

Other states have similar laws designed to protect individuals who have a problem with gambling. They keep taking out more money thinking they can recover the money they lost in previous gambling attempts.

A number of promo codes are currently available to Amazon.com Visa card holders, valid until May 15, 2008:

• $20 off $200 on electronics, computers and cell phones: 2IK9E6R8
• 10% off $50 on music : CDJLXT8U (Limit $20 per customer)
• $5 off $50 on DVDs: DVD5BFHR

Only one offer of each type is allowed per household, and it does not appear to be targeted, meaning that any Amazon.com Visa can be used. (Via FW).

This post is from Credit Card Watcher’s Credit Card Deals Blog.

Amazon.com Visa: $20 off $200 on Electronics, Computers and Cell Phones