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Let your spending benefit others
Many charities rely on donations from the public, and even the smallest regular donations can go a long way to helping these charities to provide valuable services and assistance to those in need.
Q. Where do the funds come from?
A. If you have a charity credit card you may wonder where the actual money comes from to fund the donations, particularly if you repay your balance in full each month and therefore do not have to pay any interest to the credit card company.
Q. Who pays for charity credit card donations?
A. Charity credit card donations are funded by the issuing bank or building society.
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MANY of the biggest charities in the UK work in partnership with a credit card company to offer a charity credit card.
Charity credit cards are therefore available whether you want to support research organisations, animal charities, world ware fare charities, children's charities, hospices and even eco-environmental charities.
Amongst the charities that you can contribute to with a charity credit card are the WWF, RSPCA, Breakthrough Breast Cancer, National Trust, Pure - the Clean Planet Trust and Cool Earth.
Giving a little back
A charity credit card is an excellent way to give a little back through contributions to charity without actually having to take any action other than to spend on your charity credit card in the normal way.
So, whilst you get to enjoy the convenience and ease of spending on your credit card, the specified charity gets to benefit from the donations generated from your spending.
Charity credit cards work by donating a small percentage of each pound that you spend on the card to the chosen charity.
The amount per pound spent is small, and may seem insignificant. However, it does all add up, especially if you use your credit card on a regular basis.
The more you spend on the charity credit card the more the charity will receive. You may even find that some cards offer bonus donations to the charity, such as a lump sum when you successfully apply for the card.
With our busy lifestyles it can often be difficult to remember to give to charity, no matter how good our intentions, but with a charity credit card this is something that we don't have to think about.
All of the hard work is taken care of on our behalf, so all we have to do is spend as normal on the card, and the rest is taken care of.
Remember, charity credit cards do not cost you anything extra - as the donations generated by your spending are paid for in full by the credit card issuer.
Also, don't forget donations are only made on the amount spent on purchases, which means that donations are not made for cash withdrawals or balance transfers that are made on the card.
The best way to use a charity credit card is to always keep your balance repaid each month. This way the credit card issuer has to pay for the donations out of their pockets and not out of yours through interest charges!
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