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Charity Credit Cards

There are far better alternatives

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A Charity Credit Card works by giving a percentage of the money that you spend to a certain charity. For example, the National Trust Credit Card obviously helps the National Trust.

Charity Cards work by paying the charity an initial sign up bonus of between £5 and £20. They will then pay the charity a further 25p per for every £100 spent on the Card, which is a very minute sum.

It is also important to know that if you borrow on the Card, ie fail to repay your balance in full every month, the charity will not receive any interest. That goes straight to the card issuer.

I therefore view Charity Cards as slightly gimmicky.

A far better strategy for giving
If you really want to help a charity then apply for a Cash Back card, where you'll receive a rebate of 1%-2% of the money spent on the Card.

Then pay this money to your favourite charity. The advantage to this strategy is twofold -

  1. You'll be able to pay at least 4 times more money, and
  2. You get to choose exactly which charity to pay the money to, which can easily be a small local one

See also

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