Jaccs Co. Ltd. has launched a MasterCard-branded credit card designed to help improve the environment, the Tokyo-based card-issuing subsidiary of Mitsubishi UFJ Financial Group announced Dec. 10.
All legal residents in Japan ages 18 or older may apply for the Jaccs Eco Card. When a customer spends 800,000 yen (US$9,533 or 7,209 euros) or more within three months of activating the card, Jaccs will plant a tree in the Miyazaki Prefecture on the island of Kyushu, a Jaccs spokesperson tells PaymentsSource.
Jaccs, which also is a general loan provider, is collaborating on the project with the Japanese nonprofit organization NPO Environmental Relations, he says.
In addition, if cardholders use their card to purchase a loan for solar-power systems at any of Jaccs’s 348,000 branches and retail loan outlets, they will receive 120 reward points annually redeemable toward gifts and coupons at Jaccs.
Jaccs will also plant one tree in Miyazaki for every 100 applications for solar loans, the spokesperson says, noting Jaccs expects to issue 10,000 Eco Cards in 2011.