November 24, 2022
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The new card offers accelerated rewards for climate friendly spending

By on March 21, 2022 0

The new FutureCard Visa® card, issued by First Electronic Bank, aims to encourage consumers to make more socially responsible purchases, offering up to 5% cashback on climate-friendly spending. The charge card works differently from a traditional credit card in several ways, including the fact that there is no credit check when you apply and that there are no interest or fees.

Key Takeaways

  • FutureCard offers 5% cashback when you make green purchases. Cardholders will receive a 1% refund on all other purchases.
  • Creditworthiness is not checked when applying, and there are also other benefits that make the card worth considering.
  • All you need to do to get started is to enter your full name and phone number.

FutureCard offers you the chance to match your rewards with your expenses

For those who care about the environment, there are no traditional credit cards that reward spending habits. FutureCard is the new charge card that does just that, offering an impressive 5% cashback on:

  • Shopping for trains, buses, metro, subway, light rail and light rail
  • Online marketplaces for delicately used clothing and thrift stores
  • Charging electric vehicles
  • Bike shops including bikes, ebikes, bike accessories and repairs
  • Electric scooters, mopeds and shared bicycles
  • Meat, dairy, and vegetable-based eggs

Future provides a list of eligible resellers where you can earn additional rewards, including Patagonia Worn Wear, Ministry of Supply, Poshmark, thredUP, Electrify America, Lime, Citi Bike, Amtrak and many more. Cardholders receive a 1% refund on all other purchases.

Rewards are automatically redeemed for credit on your statement at the end of each billing cycle. Unlike traditional credit cards, Future is a charge card but has no monthly payments, interest or fees. Instead, your card issuer charges each purchase from your bank account within days of the transaction date. If you do not have sufficient funds, it will try again. In the event of a default, you may not be eligible for rewards and your account may be closed.

The card issuer does not require a credit check when applying, making it available to consumers across the credit spectrum. However, it also doesn’t report your balance or payments to the credit bureaus, which means you can’t use it to build your credit history. A company spokesman says Future plans to report to the credit bureaus at some point in the future.

If you are interested in applying for the card, you can provide your full name and phone number via Future website start.