Innovation

Aspiration launching credit card to reduce carbon footprint

Image courtesy of iStock

March 23, 2021

Aspiration is launching a credit card, Aspiration Zero, made from corn. This credit card, through regular use, will automatically bring the average American to carbon neutral status with cash back rewards when they do so.

Through the Aspiration app, members may track their progress in eliminating their carbon footprint. Every month in which a user gets to carbon zero, Aspiration will reward them with up to 1% cashback on all of their purchases, according to a press release.

"There are plenty of credit cards out there that let you rack up miles, this is the only card that rewards you for taking miles off of the planet," Andrei Cherny co-founder, CEO, Aspiration said in the release. "For the first time, you can have a climate change-fighting tool right in your wallet."

The waitlist for the Aspiration Zero card is now available and can be accessed at www.aspiration.com/zero. For every sign up to the waitlist from a personal referral, Aspiration will plant 10 trees. Each time the credit card is used, Aspiration will plant a tree through their global reforestation partners, and by rounding up their purchase to the nearest dollar, the customer can plant one as well.

With the launch of the credit card, Aspiration now has a complete ecosystem of Clean Money products, from accounts that help customers save fossil fuel free to debit cards that let them track the impact of their spending on People and the Planet and investment and retirement accounts that bring sustainable options to all.

Aspiration has raised more than $250 million in its mission to help Americans both Do Well and Do Good.