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Credit Card Applications » News » Other » Donations through Credit Cards Now Available

Donations through Credit Cards Now Available

August 05, 2010
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The national debt of America as of the end of June is a little over $13 trillion. Efforts have been given to reduce the debt, including citizens who kindly donated cash and check to the US Treasury. As of 2009, the American citizen has donated $3 million to help the government back-up on the debt. For the first half of the year, approximately $1.6 has been received as donations. These people have contributed their money for the sake of patriotism.

The government has been receiving cash and checks by mail for the past years. Some schools even made baked goodies to sell and handed their earnings to the US Treasury. But now, American citizens can also show their generosity by using their credit cards to help pay-off the American debt. Interested credit card holders can visit an online service, that helps them how to make their donations through the cards. Cards accepted are Visa, MasterCard, American Express and Discover.

According to the latest estimations, the total debt per taxpayer is about $119,000 and debt per citizen is $42,500. The numbers were based from USDebtClock.org, an interactive website that estimates figures relevant to the US National Debt. As seen in the clock website, the total personal consumer debt is around $16 trillion and the personal debt per citizen is over $52,000.

Other than paying taxes, citizens have to pay their own personal debts which include their credit card bills, mortgage loans and consumer debts. TransUnion reported that the credit card debt per customer has decreased nationally and that the customers are now resolving their own debts. Due to the past recession, many Americans have lost their job and have lessened their expenses just to balance their finances. Many have found ways to get money. Part-time jobs, lottery and even cash prize contests were some strategies. This came to a bad news to some big credit card companies. Fewer debtors and good credit behavior means lower principal payments and even lower interest rates. Many are now sprouting out rewards to attract customers to be a part of their credit family.

The credit card method of paying the donations remains untested. Many economists cannot see why the situation has come to this when citizens should have used their donation money to fend off for themselves. Unemployment is still a growing problem in the country and the income per family is not that high. And since many are unemployed, obviously, there would be efforts to cut off the expenses and reduce borrowing. With that situation, many citizens may not give up their earnings for patriotism`s sake. Experts believe that if citizens help increase the employment rate and spend their money on priority goods, they may even help stimulate the economy, which is the nation`s current goal now.

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  • Larry
    With the Virgin / Barclaycard signature offer, there seems to be some consumer deception or maybe even outright fraud goin on.   I decided to jump on this offer..  read all the info on it..  was approved for their platinum card, paid the fee, then was only awarded 10,000 points instead of the advertised 20,000.   When i inquired about the less than advertised bonus points, Barclaycard claims only Signiture Visa cardmembers get the 20,000..  as a platinum cardholder, you don't qualify for that level of bonus, so you get 10k instead.   Well, in their current ongoing promotions, it states plain as day that....    Applicants approved for the Visa Signature or Platinum Card with $49 annual fee will receive 20,000 Bonus Points awarded to your Virgin America Rewards Account at the close of the first billing statement in which you make your first purchase or balance transfer (that is not returned or rescinded) and have paid the Annual Fee on the account (and such fee is not rescinded). They don't mention anything about a separate program for platinum cardholders..  However, trying to get someone to resolve this issue with either Virgin or Barclaycard seems to be rather impossible.. Seems to me they're simply drawing people in with the fraudulent offer, then simply saying, oh, we're sorry you don't qualify..  but thanks for signing up for our garbage credit card with insane fees..   
  • CreditLandCom
    Thank you for sharing your experience with us. We have reviewed this offer and you are correct, nowhere it is mentioned that 20,000 Bonus can become a 10,000 Bonus all of a sudden... We will mention this in our review of this card so others can make an informed decision. Another way to get Virgin miles is to get an American Express charge card: The Business Gold Rewards Card® now offers 50,000 Miles, though you do have to spend $5,000 in the first three months of card membership to get it. It also has $0 introductory annual fee for the first year, then $175. http://www.credit-land.com/details/the-business-gold-rewards-card-from-american-express-open.php Premier Rewards Gold Card now offers 25,000 Miles, though you do have to spend $2,000 during your first three months of Card membership. It also has annual fee of $0 for the first year, then $175. http://www.credit-land.com/details/american-express-premier-rewards-gold-card.php While we do not know If any of these offers make sense to you, we are at least sure that you will get advertised bonus in full if you decide to get them... Conversion rates for Virgin America are: 100 Elevate Points = 200 Membership Rewards® Points All the best.
  • Deborah Ellsworth
     would very much like to start a new credit history  by making payments on time I would tohave a credit card that is NOT PREPAYID! I don't need a card with a high limit just something to start a new credit history. Thank You Deborah Ellsworth
  • Deborah Ellsworth
    I would very much like to start a new credit line to get back on track. I DO NOT WANT A PREPAID CARD!! This new credit card if I am approved does not have to hace a high limit just something for me to start over again and prove myself ThankYou. D Ellsworth
  • Miss Edna
    there is a huge problem with the RFIP chip: it is easily compromised. There are already 'readers' in the form of what looks like a cellphone in a case, that scans all the info in the chip by merely walking near a person -- this 'reader' penetrates leather, cloth, spandex, etc. The only thing it will NOT penetrate is METAL. Perhaps one has seen commercials touting metal credit card cases. Here is my hint for a free fix: cut a piece of aluminum foil or use the foil that is used to keep foods fresh, like coffee. Cut it so that when folded once, it forms a sleeve for your credit card. place the credit card in the sleeve, then place the sleeve in your wallet.
  • Robin Parks
    I am looking to apply for the AARP Visa signature card from Chase that offers $100 after spend $500 in first 3 months, no annual fee and 0% interest first year; I don't want to mail in offer because of having to write in Social security #. Can you direct me to the proper on-line site?
  • CreditLandCom
    The Chase bank cards are not currently available at Credit-Land.com, but you can consider applying for the Citi® Dividend Platinum Select® Visa® Card - $100 Cash Back. The cards has similar terms and cash back program.
  • Becky
    This is Becky Now what do I do just waqit for acard to come to me?
  • CreditLandCom
    Once you have applied, you should receive a letter within 10 business days letting you know if you were approved and when your card will arrive. If you did not receive any letter or notification from the issuer, you should contact them directly. Also, you should contact the issuer if you’ve been waiting for your credit card longer than 30 days. Since we are not a bank and don’t issue credit cards, we cannot give you any information about your application or credit card.
  • SavingStar
    Thank you for posting about SavingStar. Just to clarify one sentence in your article, we have over 5 million members (not 500). Thanks, Josh
  • CreditLandCom
    Sorry for the misprint. We’ve corrected the sentence. Thank you for noticing that.
  • Eric
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