Charity Cards
There are now an increasing number of credit cards on offer which provide
support for a charity of your choice. The Co-op Bank, MBNA, and the Bank of
Scotland are popular charity issuers. Almost every major charity in the UK is
now represented by our flexible friends, an example being the RSPCA credit card.
The majority of these cards work by offering a designated charity a flat fee
for every card application, and then an on-going percentage of all purchases
made.
As a general rule-of-thumb, charities gain approximately 25p for every £100
spent on a charity card. This means that £10,000 would have to be spent using a
charity credit card to provide a £25 donation. As most people spend
substantially less than £10,000 each year on a credit card, this is a slow and
roundabout method of making charitable donations.
One of the key advantages of charity cards, however, is that they allow each
charity to gain exposure every time you use your card. In this sense, charities
benefit greatly as they receive free, nationwide marketing.
Charity Card Interest
Rates - Whilst there is no doubt that charity cards do raise millions of
pounds each year for good causes, they will not necessarily provide the best
deal for you or for the charity.
Why not click below to read the reviews on charity cards.
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