With most people doing all they can to save money today, it makes it increasingly difficult for them to also give money to charities. Despite this, in 2011 a reported 9 out of 10 adults still donated sizeable amounts to charities so that they can continue to do the fantastic work which they do. To keep these donations up but take the difficulty of donating away from people, there is another donation method which people can try. This method is charity credit cards and they are available from a number of lenders.
The idea behind charity credit cards is that people go about their daily lives paying for things using their credit card and every time they make a purchase using that card a small amount is given to charity. The cardholder doesn't have to spend more than they usually would or change their spending habits at all. More importantly for those who are struggling financially is that they don't have to give money directly to charity but they will still be contributing.
Each card will donate a different percentage to charity so consumers should really look at all of the options before deciding on one. Donations can be as low as 0.25% or as high as 1% but the average is around 0.6% per transaction. This obviously doesn't seem like much but the donations add up quickly when thousands of consumers are spending on their cards.
Charity credit cards have seen millions of pounds donated to major UK charities since they were first introduced a few years back. The Co-operative Bank released their figures which showed more than 6million worth of donations over a four year period. This highlights the scale of the donations considering the Co-operative Bank actually has a relatively small customer base when compared to some larger high street banks which also offer charity credit cards.
Another option to consider instead of the charity credit card is the cash back credit card. Cash back credit cards pay in some cases twice as much on purchases but it is paid to the consumer instead. Using this method, it is then the responsibility of that person to donate the cash back they receive.
The idea behind charity credit cards is that people go about their daily lives paying for things using their credit card and every time they make a purchase using that card a small amount is given to charity. The cardholder doesn't have to spend more than they usually would or change their spending habits at all. More importantly for those who are struggling financially is that they don't have to give money directly to charity but they will still be contributing.
Each card will donate a different percentage to charity so consumers should really look at all of the options before deciding on one. Donations can be as low as 0.25% or as high as 1% but the average is around 0.6% per transaction. This obviously doesn't seem like much but the donations add up quickly when thousands of consumers are spending on their cards.
Charity credit cards have seen millions of pounds donated to major UK charities since they were first introduced a few years back. The Co-operative Bank released their figures which showed more than 6million worth of donations over a four year period. This highlights the scale of the donations considering the Co-operative Bank actually has a relatively small customer base when compared to some larger high street banks which also offer charity credit cards.
Another option to consider instead of the charity credit card is the cash back credit card. Cash back credit cards pay in some cases twice as much on purchases but it is paid to the consumer instead. Using this method, it is then the responsibility of that person to donate the cash back they receive.
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