New card offers accelerated rewards for climate-friendly spending
The new FutureCard, issued by First Electronic Bank, hopes to encourage consumers to make more socially responsible purchases by offering up to 5% cash back on climate-friendly spending. The credit card works differently than a traditional credit card in several ways, including the fact that there is no credit check at the time of application and there is no interest or fees.
Key points to remember
- The FutureCard offers 5% cash back when you make environmentally friendly purchases. Cardholders will earn 1% back on all other purchases.
- There’s no credit check when you apply, and there are other benefits too that make the card worth considering.
- To get started, all you need to do is provide your name and phone number.
FutureCard offers a chance to match your rewards with your spending
For those who are environmentally conscious, there are no traditional credit cards that reward climate-friendly consumer habits. FutureCard is a new payment card that does just that, offering an impressive 5% cash back on:
- Purchases of trains, buses, subways, metros, light rail and commuter trains
- Online marketplaces for used clothing and thrift stores
- Electric vehicle charging
- Bike shops, including bikes, e-bikes, bike accessories and repairs
- Self-service electric scooters, mopeds and bicycles
- Plant-based meat, dairy products and eggs
Future provides a list of eligible retailers where you can earn bonus rewards, including Patagonia Worn Wear, Ministry of Supply, Poshmark, thredUP, Electrify America, Lime, Citi Bike, Amtrak and many more. Cardholders get 1% cash back on all other purchases.
Rewards are automatically redeemed as statement credit at the end of each billing cycle. Unlike traditional credit cards, Future is a charge card, but there are no monthly payments, interest or fees. Instead, the card issuer takes payment for each purchase from your bank account a few days after the transaction date. If you don’t have enough funds, it will try again. Failure to do so may result in you not being eligible for rewards and your account may be terminated.
The card issuer does not require a credit check when you apply, making it accessible to consumers of all credit levels. However, it also doesn’t report your balance or payments to credit bureaus, which means you can’t use it to build your credit history. A company spokesperson said Future plans to report to the credit bureaus at some point in the future.
If you want to apply for the card, you can provide your name and phone number via the future website to start.