Lending Club Blog

Rewards for Recycling

When I moved from the east coast to the Midwest, I found it strange to learn that recycling wasn’t mandatory. To make matters worse, anyone wanting to recycle had to pay extra each month. That’s why I was so pleased to hear that my waste collector would be expanding its recycling program through a partnership with RecycleBank.

The new recycling bin, provided by RecycleBank, is coded with an RFID tag to link my bin to my account. By placing an expanded number of recyclables in the bin each week (no sorting needed) participants in the RecycleBank program earn rewards that can be redeemed at a variety of merchants.

Along with local merchants, national partners include Bed, Bath, and Beyond, Dick’s Sporting Goods, Kraft, Target, and many more. Currently, each pound of recyclables earn participants 2.5 RecycleBank points. Offers vary, but one example was $2 off a purchase of $5 or more for 20 RecycleBank points. Saving $2 for 8 pounds of recycling may not sound like much, but I suspect that points quickly add up. For people like me who recycle anyway, the rewards are like free money. The financial incentive will also help motivate me to recycle even more. Households that recycle as much as possible and compost organic materials hardly generate any “trash” at all. If you live in an area where you pay per bag of garbage collected, recycling more can also help reduce your garbage bill.

As I’ve said in previous posts, there are many different motivating factors to inspire a particular behavior. Recycling wasn’t very popular in my town when it was done strictly for environmental reasons. By adding a financial incentive, the number of participants is sure to increase.

Have you used RecycleBank or a similar program? What are your impressions?

Monday, February 23rd, 2009 at 6:04 am

Comments (1)

  1. […] View original post here: Rewards for Recycling […]

    February 24th, 2009 at 8:57 am


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

Growing Your Business By Using Capital

Smart small business owners don’t wait to consider borrowing… Read More »
August 19, 2016

9 Reasons to Open an IRA

Retirement: a word that often comes with many connotations.… Read More »
August 5, 2016

6 Reasons to Get a Personal Loan

While it would be great if we all had enough… Read More »
July 29, 2016

Lending Club and the Marketplace Model

Some of our investors have observed the funding environment… Read More »
July 28, 2016

A Recap: Credit Strength on the Lending Club Platform

We are proud of our… Read More »
July 14, 2016

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w