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New credit card rewards purchases of train tickets and oat milk with 5% cash back

Whether it's buying disposable fashion or taking an Uber, everyday spending has a significant impact on the climate. To nudge people in the right direction, Maryland-based Future just announced the Visa FutureCard, which rewards 'climate smart' spending.

When cardholders purchase items like low-carbon foods or secondhand clothing, when they take the bus or charge their electric car, FutureCard rewards them with 5% cash back (plus 1% cash back for all other purchases). A product or service is defined as being 'green' if it has a significantly lower carbon footprint than the most common alternative.

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FutureCard isn't the first financial product to connect individual spending habits to environmental impact. Swedish Doconomy released the DO card a few years back, and LA-based Aspiration introduced a carbon offset credit card in March. DO allows users to track their carbon footprint, while Aspiration plants a tree for every purchase. Both create greater awareness, but FutureCard actually ties a person's intrinsic drive to make the world better, to the extrinsic motivation of a cash reward. Combine that with social pressure and COP26 headlines, and consumers might actually bring their spending in line with their intentions.