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Helping Children's Charities With Your Credit Card By Joseph People donate to charity in a number of ways. They give old clothes, bake and sell cakes, or contribute their time. Now there's an even easier way to support your favourite charity by using your credit card.
People have been able to use their credit cards to make direct payments to charity for quite some time. But now many charities are automating the practice of receiving donations by launching their own credit cards backed by major banks.
Charity Credit Cards - How They Work
Charity credit cards donate to charities in two ways. People apply for credit cards as usual. Once the application is accepted, the issuing bank donates a lump sum to the charity. This can vary considerably, from as little as £5 to £40 or more.
The second part of the donation is a fixed percentage of spending on purchases. Again, this rate can vary from around 0.25% to 1%. This means that charities get 25 pence for every £100 spent on the card.
Some card issuers offer an incentive for repeated spending on the card or for continuing to keep the card. This usually means another lump sum donation to the charity at the end of a set period, such as a year.
Children's Charity Credit Cards
There are many charities that issue credit cards, including many popular children's charities. The NSPCC (National Society For The Prevention of Cruelty To Children) card is backed by Halifax and offers a preferential rate on balance transfers for six months. Other credit cards for charities that benefit children include:
1. Barnardos, issued by
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