Are eco-friendly cards the way forward?
Eco-friendly credit cards help the environment by reducing the amount of CO2 that is released into the atmosphere. The cards also reduce global waste and contribute towards ethical projects. However, it’s clear that further improvements need to be made. It’s argued that simply swapping PVC for recycled materials isn’t good enough. Instead, it may be better to scrap physical cards altogether and move to digital alternatives. Mobile banking, Apple Pay and other types of digital cards reduce the need to make physical banking products, and that could help to minimise plastic and fossil fuel use. However, digital credit cards have their own environmental consequences and aren’t always the most sustainable option.