That’s why the Green Card ends after 6 years instead of four years. The Green Card is a Mastercard without any foreign exchange charge. While the Green Card is a credit card, it does not work like typical credit cards. The Travel Card costs EUR9.99 to purchase the card.
Fintech startup Bunq is introducing a metal card called the Green Card. While some banks provide a cashback program with superior cards, Bunq is providing a special sort of “cashback”. For each EUR100 invested, Bunq plants a tree. The company has partnered with Eden Reforestation Projects to finance reforestation around the world.
Production a metal card isn’t particularly ecologically friendly. That’s why the Green Card ends after six years rather of four years. It is also made of recyclable material (although I’m unsure it’s that easy to recycle a metal card with a chip, a magnetic stripe and an NFC antenna after it ends).
Other than that, the Green Card works more or less like the Travel Card. While Bunq offers traditional savings account, you can order a Travel Card or a Green Card and keep your existing bank account.
The Green Card is a Mastercard without any foreign exchange charge. The company uses the standard Mastercard currency exchange rate however does not add any markup fee.
While the Green Card is a credit card, it doesn’t work like typical credit cards. You don’t get a direct debit on your checking account when a month to cover your credit limit. Rather, you have to open the Bunq app and top up your Bunq account– topping up your account with another card might sustain some fees, more information here. If you don’t have sufficient money on your account, the transaction gets turned down like a debit card.
The Travel Card costs EUR9.99 to order the card. There’s no month-to-month cost after that. The Green Card costs EUR99 annually. Bunq charges EUR0.99 per ATM withdrawal however you get 10 totally free withdrawals with the Green Card.
The company is selling a restricted edition today with “Founders Edition” etched in the leading right corner but the first batch is almost sold out: