What is a Charity Credit Card?

Charity credit cards are an easy way for people toMake A Wish foundation.
donate cash back rewards to charities. Some ofBank of America offers a Humane Society of the
these cards will make a fixed amount donationUnited States credit card that donates 25 cents for
(usually $10 or $20) when you first open yourevery $100 in purchases you make to the Humane
account, and some will match some of your ownSociety of the U.S. And you get a free tee-shirt
donations. It can be a good way to consistentlywhen you open your account.
support the causes that are dearest to your heart.As with any credit card, you should weigh the
They work just like other rewards cards, exceptpotential benefits of a card against your particular
that the rewards go to the charity with which thetype of spending. For example, if you tend to carry
card is associated.large balances from month to month, you're probably
They are generally competitive with any other typepaying a high interest rate. You may be better off
of credit card, in that they may offer lowchanging to a card with the lowest interest rate you
introductory APR, balance transfers, and interestcan get, and then taking that money you would have
rates comparable to those on other cards. Thespent on interest and donating it to your favorite
added perk is that they make you feel good forcharity instead.
using your card. Here are a few examples of charityMaximizing the benefits to the charity and to yourself
cards.basically means using your card for as many
The Kiva organization offers micro-financing loans topurchases as you can pay off in full every month.
entrepreneurs in developing countries. You sign upThis way you maximize the amount donated to the
with Kiva, learn about the upstart businesses thatcharity and give yourself the gift of not having to
need funding, then Kiva handles the transactions thatpay interest charges.
help specific projects.Particularly for those with hectic lifestyles who keep
The Make-A-Wish Credit Card is affiliated with themeaning to sit down and write out a check to their
Make A Wish Foundation, which grants wishes tofavorite charities, having a charity credit card instead
children with life threatening medical problems. Everymay be a good way to do some good without going
time you spend a dollar, a donation is made to theto a lot of trouble.