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Card firm 'pleased' with biodegradable uptake

Green credit cards could be about to take consumers by storm, following a US company's recent biodegradable venture.

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24 February 2009

Card firm 'pleased' with biodegradable uptake”

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Green credit cards could be about to take consumers by storm, following a US company's recent biodegradable venture.

Discover Financial Services launched its eco-friendly plastic card in December and, according to the New York Times, initial reactions have been good.

While current credit cards are invariably made from indestructible polyvinyl chloride (PVC), the Discover card favours a biodegradable material that breaks down when exposed to microorganisms in landfill sites.

However, like traditional cards it is also durable enough to weather the daily wear and tear of a purse or wallet for at least four years.

Discover has yet to disclose how many people have signed up for the card, but a spokesperson told the newspaper: "We are well pleased with the interest we've seen from consumers and our cardmembers about the biodegradable card."

There could be a market for the card in the UK after recent figures from payments association Apacs revealed there were 71 million credit cards in use at the end of 2008.

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	Tesco ClubCard Credit Card
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16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable).
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17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable).
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