How to Get the Best Charity Credit Card: Donating to Charities is Easy with Cards that Link to Worthy Causes

Most people have good intentions with regard to donating to charity organizations, of which there are many.

Whatever the cause, be it wildlife conservation, cancer research, organizations that care for the elderly or care for abused children, these organizations need a lot of money to keep going and depend on donations.

Charity Credit Cards – How do They Work?

Charity credit cards aim to have the same features of traditional cards, such as a competitive interest rate while providing benefits to a charity of choice.

Typically they offer to make a fixed donation when the account is first opened (around $10 or $20 in the US or £5 or £6 in the UK).

There is usually a donation made on a regular basis which is worked out as a percentage of purchases made on the card. This is made by the bank or lender issuing the card (around 25c per $100 US or 25p – 40p per £100 spent UK).

Some banks will match donations and some will pay an ongoing amount for each year the card is in use. (around £2 per annum, UK).

For most charity credit cards, the terms and conditions of use are the same as any other credit card. This includes billing cycles and penalties for late payments.

Using a credit card finder can help to sift through all the cards choices available, as picking the right card, finding special offers and choosing the right cause can be a little confusing. Also, there are a large number of financial institutions making offers of this kind.

What Charities can be Donated to?

There are many charity credit card special offers available. Comparing the options online will give the applicant a good idea of what lenders are offering.

The following charities are just a few of the causes an applicant can consider being affiliated with:

  • The WWF promotes wildlife conservation education and programs all over the world.
  • The Kiva organization offers micro-financing loans to entrepreneurs in developing countries.
  • Breakthrough Breast Cancer promotes breast health, education, research and support for breast cancer.

The Make-A-Wish Credit Card is affiliated with the Make A Wish Foundation, which grants wishes to children with life threatening medical problems. Every time a dollar is spent, a donation is made to the Make A Wish foundation.

In order to maximize the benefits to the charity, use the card for as many purchases as possible during the month. Be careful to pay it off each month so that interest charges will not be incurred.

How to Evaluate Credit Card Offers: Points to Consider When Shopping for New Cards

While there are physically attractive cards on the market, choosing the hot pick option or the card with a picture of dolphins is the last criteria that should be used to make such an important financial decision. The financial attractiveness including the interest and charges are some of the points to consider.

Interest Free Card Cards

Shoppers should compare the rates of all the cards on offer to see which has the lowest. Many cards offer 0% introductory rates but it is important to check when the introductory period ends.

Introductory Period

As stated earlier, it is nice to have a interest free introductory period so look for the card with the longest time. A typical introductory period will last for 12 months but shopping around could uncover longer and more attractive periods.

At the end of the period rates could jump to as much as 29% and if there is a balance on the card, this monthly repayment amount could double as a result.

Best Annual Fee Credit Card

Finding a credit card with no annual fee will save money in the long run. The annual charges can add hundreds to outstanding balances every year. Considering that not all cards carry a fee then there is no reason to settle for this type of arrangement.

Credit Card Bonuses

Depending on the card and the provider, there may be bonuses that offer savings to the card holder. As an example some benefits could include cash back on purchases or the opportunity to earn points to spend at other retailers and suppliers.

Reward miles are points that can be used at the following organisations:

  • Airlines
  • Sports shops
  • Telecommunication companies
  • Racing venue etc

Credit Cards with a Focus on Social Responsibility

As part of the marketing strategy, many credit card merchants offer to pay a certain amount to charities for every dollar spent by the consumer. This could be attractive to certain people and can be part of the decision making process.

Additional Credit Card Fees

Take a careful look at the fees charged for things like late payments, cash advances or going over the card limit. If it is not monitored carefully, these fees can add up rather quickly

The points to consider when choosing a credit card are not exhaustive. A definitive list will depend on who is doing the shopping. Whichever card is chosen, shoppers should ensure that it is one the suits the present and future financial needs.