Get A Platinum Visa With Tux The Penguin

In a move that is sure to raise a lot of eyebrows and some very enthusiastic response from the Open Source community, the Linux Foundation has just announced that there is going to be a Linux Visa Platinum credit card coming out soon.

The Linux Foundation is a non-profit consortium that supports the Open Source software project known as Linux. Linux is fast becoming one of the most important names in operating system software. Its biggest draw is that it is offered completely free and Open Source. Open Source means that the source code of Linux is available to anyone and that its development is community driven, a rare thing for such a large software project.

Because of its non-profit stance, the Linux Foundation has to be more creative in its quest for generating income to fund itself and the Linux projects it supports. One of its latest “creative” moves is this, the introduction of the Linux Visa Platinum credit card.

The Linux Foundation receives continues support from the open source community. However, community members have been asking for more ways to show their support. As a result, the foundation has partnered with UMB, a holding company in Kansas City, Missouri, to release its own credit card line.

UMB is known as a multi-billion dollar company controlling numerous banks. Recently, Smart Money said that UMB was “the highest-scoring traditional bank among our favorites”. It has been a card issuer for almost 40 years and offers Visa and other private label products for commercial use.

Those who get the Linux Platinum Visa credit card will have the satisfaction of knowing that their credit card membership and usage is going directly to helping the Linux Foundation. The Linux Foundation will be getting $50.00 every time a Linux Platinum Visa credit card is approved and used within ninety days from the date of approval. The foundation will also be receiving a percentage of every retail purchase a card holder charges on his or her Linux Platinum Visa credit card. And yes, the credit card will feature Tux, the mascot penguin of Linux.

Other features of the card are no annual fees, a 0% introductory period interest rate which lasts for six months. However, the Linux Platinum Visa credit card is a variable rate card tied to the prime rate. The interest rate of the card is calculated by adding the prime rate of the card, which may not be lesser than 5.25%, with 5.90%.