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Help build renewable energy projects with every purchase.
The Brighter Planet Visa® credit card is part of Bank of America’s $20 billion commitment announced in March 2007 to support the growth of environmentally sustainable business activity to address global climate change. This ten-year initiative encourages development of environmentally sustainable business practices through lending, investing, philanthropy and the creation of new products and services.
The points you earn support a geographically and technologically diverse portfolio of renewable energy projects that help reduce your carbon footprint.
A carbon footprint is an estimated total amount of greenhouse gases produced by a person's daily activities, such as driving and heating a home, plus shared services (e.g., street lights). It is expressed in Carbon Dioxide-equivalent units (CO2e), because there is more than one type of greenhouse gas (GHG) and each greenhouse gas has a different climate impact relative to carbon dioxide.
Conserve what you can, use your card to offset what you can't... You can make a difference.
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The Brighter Planet Visa® Credit Card, issued by FIA Card Services, N.A., is designed for those with very good credit who would like to support an organization dedicated to monitoring and protecting the environment and will take advantage of the EarthSmart reward program. Through the reward program, cardholders earn one EarthSmart point for every dollar spent on all purchases. Points are automatically redeemed to help fund renewable energy projects. Cardholders will also receive 1,000 EarthSmart bonus points after their first qualifying purchase and 1,000 EarthSmart bonus points when they choose paperless billing. Essentially, every 1,000 points cardholders earn will fund an estimated 1 ton of carbon offsets. In addition, for every two points earned through December 2008, Bank of America will make a matching contribution of one additional point. The card has no annual fee, a 0% introductory rate for both balance transfers and cash advance checks for the first twelve billing cycles, and a very low fixed interest rate for those who qualify once the introductory rate expires. It is important to understand that the APR for purchases and balance transfers will vary according to the applicant's credit history and will be either 9.99% or 15.99%. |
The points you earn support a geographically and technologically diverse portfolio of renewable energy projects that help reduce your carbon footprint. Carbon offsets earned with your Brighter Planet Visa® credit card:
According to the U.S. Environmental Protection Agency, Carbon Offsets are "the result of any action specifically taken to remove from, or prevent the release of, carbon dioxide into the atmosphere in order to balance emissions taking place elsewhere". According to the non-profit group Clean Air-Cool Planet (CA-CP), a Carbon Offset is "the act of reducing or avoiding GHG emissions in one place in order to 'offset' GHG emissions occurring somewhere else". Even if you drive a hybrid car, use compact fluorescent lighting and take other conservation steps, you are still going to use some energy and therefore have a carbon footprint. That's where the Brighter Planet Visa credit card comes in - it allows you to take the next step and go beyond energy conservation. Instead of earning points redeemable for gift certificates or travel like some other credit card programs, points earned from the use of this credit card are invested on your behalf to help build renewable energy projects selected by the environmental experts in Brighter Planet's Project Selection Committee. These renewable energy projects replace energy generated by fossil fuel burning energy sources and create carbon offsets, which are then "retired" on your behalf. Keep in mind that this card is not a free pass to pollute - it's a convenient opportunity to do even more in the fight against climate change. |

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