Charitable Giving in Full Swing - Card Issuers News

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Card Issuers » Charitable Giving in Full Swing

Charitable Giving in Full Swing

Add to Favorites:
Charitable Giving in Full Swing
December
26

While the holiday season can mean picking out the perfect gift, and getting a few too, for many Americans it also means giving back by donating to charities. Eighty percent of people plan on giving their time, money or something else to charities this season, according to a new study by Capital One.

How much of the years overall donations are generated during the holidays? According to charity platform Network for Good, donations usually spike in December with nearly a third of all donations coming in this month, and 10% of that happening just in time to also take advantage of the end-of-year deadline for tax-deductible gifts.

Using credit cards and rewards are part of people’s charitable plans, with 40% planning on giving cash or using their credit card rewards to make a difference in their community.

Clicking for charities

Folks are also planning on using their credit and debit cards to make donations, but they may not know that processing costs and fees go along with clicking the donate button. These fees mean less money makes its way to their charity of choice.

Capital One has a  No Hassle Giving Site, which absorbs all credit and debit card fees so their customers can give, and know all of their donation is going directly to the charity.

On the site credit and debit cardholders can use its data base, comprised of 1.2 million charities, to look up a cause to donate to based on location, theme or charity.

“Capital One’s Giving Site makes it incredibly easy for donors to find their favorite charities and ensures that every penny contributed goes to the non-profit organization,” said Caryn Stein, Vice President of Communications for Network for Good.

The site was launched in 2008 as part of a partnership between Capital One and the Network for Good.

Earning rewards while giving back

Individuals who have reward credit cards can earn rewards on donations made using their Capital One card, whether that’s points, miles or cash back.

The Capital One Holiday Survey was conducted between November 7th and November 14th, 2014, by Wakefield Research. They interviewed 1,000 U.S adults ages 18 and older via online survey.

The Network for Good was founded in 2001 by AOL, Cisco and Yahoo. They assist nonprofits with raising money using their online fundraising software. To date they have processed more than $1 billion in donations, raised by 100,000 nonprofits.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Banks Donate to Hurricane Irma
Banks Donate to Hurricane Irma

Posted: September 14, 2017

Banks stepped up to help out those affected by Hurricane Harvey, and many have announced a fresh round of donations to help support those devastated by Hurricane Irma after it swept through Florida. They are donating to the Red Cross as... Continue reading
McDonald’s and American Express Team Up
McDonald s and American Express Team Up

Posted: October 20, 2014

Soon you’ll be able to buy a Happy Meal with your American Express Membership Rewards and contribute to charity at the same time, thanks to a new partnership between McDonald’s and American Express. Continue reading
Capital One and Hudson's Bay Company Join Forces
Capital One and Hudson's Bay Company Join Forces

Posted: December 09, 2014

Capital One Financial Corporation has inked a new deal with Hudson's Bay Company, to issue its store branded cards. Hudson Bay Company is the multinational parent company of Saks Fifth Avenue and other luxury brands like Lord & Taylor. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Match Mile For Mile: We’ll match all the Miles you’ve earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
You could turn $150 into $300 with Cashback Match™. Get a dollar-for-dollar match of all the cash back you’ve earned at the end of your first year, automatically.
For Excellent, Good Credit
No Annual Fee. See WebBank/Fingerhut Credit Account Terms.
For Bad Credit