Financial Services > Credit Cards > Affinity Credit Cards

Affinity Credit Cards

In recent years a number of charities, along with other financial institutions
such as banks, have been quick to spot the money making potential of credit cards. Nowadays most major charities offer a credit card affiliated to a particular bank.

Charity credit cards allow cardholders to help raise money for their favourite charity and also help financial needs by offering competitive rates and benefits. With each transaction the card is used for, the bank pays a donation to the affiliated charity.

Anyone wanting to take out a credit card that supports a charity can choose from a wide variety of cards. One such example is the Macmillan Card - issued with the Bank of Scotland, which has raised considerable sums of money for scientific research and patient care.

It is worth checking out the APR that the various cards offer. You may find that they are higher than those offered by high-street banks however it does differ between cards. Like all credit cards there is plenty of variation in benefits and incentives offered, as well as in the basic lending rate.

Consumers who choose a charity credit card should look at the interest rate. In some circumstances it may be more cost effective to send a chosen charity some money each month rather than donating it by using a charity credit card.

Some of the charities, which are working with financial institutions and offer credit cards, include the Dogs Trust, Mencap, Bardardo’s, Breakthrough Breast Cancer, Great Ormond Street and Diabetes.