Charitycreditcards.co.uk

Help recession-hit causes with a charity credit card

Oct 2, 2009 Charity News

Charity credit cards are one of the easiest ways to donate to causes that have been hit hard by the recession.

That’s according to financial experts at the MoneyFacts website, after figures released by the Charities Aid Foundation revealed a drop of £1.3 billion in donations in the year to April.

Michelle Slade from the advice portal deems the cards particularly attractive to individuals who are keen to support their favourite charities “without having to make any further effort”.

Explaining to the Independent how the credit cards work, she comments: “Interest is forgone by the saver in support of the charity. Similar to ethical investments, it is more of lifestyle choice.”

The publication goes on to point out that the cards are best suited to consumers who are able to pay off their bills easily each month, because they are “rarely competitive”.

A large proportion of charity credit cards do, however, offer attractive introductory rates – for example, the Halifax Cancer Research and NSPCC cards charge 0% interest on purchases and balance transfers for the first nine months.

Not only that, but Halifax donates £20 to the cause when the cards are first used.