Liverpool, England – April 30th, 2010 – Pioneering Open Source funding organization Linux Fund today launched Europe's first credit card that supports Open Source projects and events with every card purchase. Businesses can apply for the card today at www.linuxfund.org.
"Our UK Business Credit Card truly takes our proven funding model to the next level and demonstrates our readiness to respond to requests from the community" said David Mandel, Linux Fund Executive Director
Available today, the Linux Fund UK Business Credit Card allows UK businesses to engage in real business and real community support simultaneously, adding to the over £500,000 that Linux Fund has given to open source projects and events to date. Not only is the Linux Fund UK Business Credit Card a solid all-around credit resource thanks to its added reporting and competitive rates and benefits, it is also a proven conversation starter with its Tux the penguin mascot.
The Linux Fund UK Business Credit Card is issued by MBNA. It offers competitive interest rates with 0% p.a. on card purchases for 9 months and 0% p.a. on balance and money transfers for 3 months*, 17.9% p.a. (variable) thereafter (a £29 annual fee applies). The Linux Fund UK Business Credit Card also offers up to 57 days interest free on all card purchases (when customers pay their statement balance in full and on time every month), unlimited additional cardholders plus free online account management, Purchase Protection** and Employee Misuse Insurance**.
"This is exactly the kind of card we want to offer to reflect the explosive growth and level of maturity achieved by Free and Open Source Software this last decade. Linux and Open Source are unquestionably ready for business having already revolutionized academia and scientific research. We are proud that this launch helps set the tone for the next decade and allows businesses to support the nonprofit software community in a sustainable manner." said Michael Dexter, Linux Fund Program Director
Linux Fund is a US-based 501(c)(3) nonprofit organization that provides financial and advisory support to the free and open software community. It has given away over $750,000 to open source events and development around the world since its founding in 1999 using funds raised through its line of credit cards and direct donations.
Visit www.linuxfund.org for more information.
The Linux Fund Business Credit Card is issued by MBNA Europe Bank Limited, Registered Office: Stansfield House, Chester Business Park, Chester CH4 9QQ. Registered in England number 2783251. Credit is available, subject to status, only to UK residents aged 18 or over. We will monitor or record some phone calls. MBNA’s business lending activities that are regulated under the Consumer Credit Act 1974 are licensed by the Office of Fair Trading (OFT), and our general insurance activities are authorised and regulated by the Financial Services Authority (FSA). BC0310_SMP_MB_A
*Please refer to your terms and conditions for details of how payments to the account will be allocated. Promotional rates will no longer apply from the beginning of any statement period during which the customer has breached terms and conditions. Handling fees of 3% apply to balance and money transfers.
**Terms, conditions, exclusions and limitations apply to all insurance policies. Full details will be sent once the account is opened.)