American Express RED card launched
www.moneynews.co.uk > Credit cards > American Express RED card launched
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Money News |
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American Express RED card launched
Thu 26th Jan 2006
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Created and launched by Bono and Bobby Shriver, RED is a group of leading companies from around the world who have committed themselves to donating a portion of their profits to HIV/Aids related projects.
The American Express RED card is aimed at 'conscience consumers' - those who would like to "use the power of their pocket to effect social change".
Katherine Whitton, vice president and head of UK product management at American Express, said: "This is a unique opportunity ... that will make a real and sustainable difference to women and children affected by HIV/AIDS in Africa. It's commerce for a cause."
The American Express RED card comes with an annual percentage rate (APR) of 12.9 per cent and has a balance transfer rate of 5.9 per cent.
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