First carbon offset credit card offered in Canada
OTTAWA, Nov. 13 /CNW/ -- MBNA Canada Bank announced today the launch of
the Eco-Logique(TM) credit card, a revolutionary loyalty credit card product
that supports global environmental efforts in a new way.
The Eco-Logique MasterCard credit card is the first credit card program
in Canada to earn points which MBNA will use to purchase carbon offset
credits. MBNA, a wholly owned subsidiary of Bank of America, is pleased to
offer Canadians a superior financial service product that meets their everyday
needs, while also allowing them to contribute to improving the environment.
Activities that add polluting emissions to the atmosphere can be
mitigated by the purchase of carbon offset credits for emission reduction from
investing in energy efficient projects. With the new MBNA Eco-Logique credit
card, customers earn points with each eligible retail purchase. The funds
generated through these points will be used by MBNA to purchase carbon offsets
that support environmental projects.
"MBNA's Eco-Logique credit card makes it easier for Canadians to
contribute to a more environmentally sustainable economy," said Will Curley,
Business Development Executive, MBNA Canada Bank. "Customers will feel good
knowing that using their Eco-Logique card for purchases today may help to
reduce greenhouse emissions tomorrow."
In March, Bank of America announced a $20 billion, 10-year initiative to
support the growth of environmentally sustainable business activity to address
global climate change. Bank of America's ten-year initiative encourages
development of environmentally sustainable business practices through lending,
investing, philanthropy and the creation of new products and services.
The Eco-Logique product is backed by MBNA's superior customer service and
around the clock protection, 365 days a year, as well as the protection of
MasterCard Zero Liability. Consumers can apply for the Eco-Logique credit card
online at www.mbna.ca or by calling 1.877.TO.APPLY, (1.877.862.7759).
About MBNA Canada Bank
MBNA Canada Bank, a wholly owned subsidiary of Bank of America, is the
leading Canadian provider of co-branded and affinity credit card programs,
endorsed by nearly 500 Canadian organizations. MBNA is the second largest
MasterCard issuer in Canada and with its subsidiary, CUETS Financial Ltd.,
MBNA is Canada's leading MasterCard credit card provider for credit unions.
MBNA provides financial products and services throughout Canada from its
headquarters in Ottawa.
For further information:
For further information: Cathy Velazquez of MBNA Canada Bank,
+1-613-907-4911, Cathy.email@example.com; Web Site: http://www.mbna.ca