Swiss banking giant, UBS, is launching a new credit card made of corn. The Optimus Foundation Credit Card Eco is an international credit card that the bank claims is 80% biodegradable. Is the future of credit cards eco-friendly? UBS thinks so. Here’s why:
New Optimus Foundation Credit Card Eco from UBS
UBS prides itself on working towards sustainability in all its products. Now, the Swiss bank is launching a credit card made from plastic substitute, PLA. PLA, or polylactic acid, is a plastic alternative made from fermented plant starch – typically corn.
The new Optimus Foundation Credit Card Eco is a PLA-based credit card launched through its charity arm, the Optimus Foundation. The Eco is mostly made of PLA, meaning the card is 80% biodegradable.
UBS Donating Some Proceeds to Charity
UBS is also hoping the card can fund further eco-friendly developments in the future. The bank is donating 0.75% of annual credit card spending from the new card to the Optimus Foundation. UBS supports programs that improve children’s health, education, and protection in a long-term and lasting way through its charitable foundation.
A “Transition to a More Sustainable Society”
UBS is hailing the launch of its new eco-friendly corn-based credit card. The bank, the first Swiss bank to launch a sustainable credit card, issued a press release detailing the launch and its future goals:
The Optimus Foundation Credit Card Eco is currently only available for applicants in Switzerland. However, the success of the program may have far-reaching impacts on the future of credit cards worldwide.
Related Article: Portland Startup Turns Credit Card Rewards to Stock
Featured photo by Matthew Henry / Burst
Editorial Disclosure – The opinions expressed on BestCards.com's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, BestCards.com lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.
