Chase and Capital One Pledge Millions in Hurricane... - Card Issuers News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most 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. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Card Issuers » Chase and Capital One Pledge Millions in Hurricane Relief

Chase and Capital One Pledge Millions in Hurricane Relief

Chase and Capital One Pledge Millions in Hurricane Relief
The content is accurate at the time of publication and is subject to change.
This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the Citi.

JP Morgan Chase and Capital One Bank threw their support behind victims of Hurricane Sandy following  announcements by Bank of America, Citibank, Wells Fargo, and TD Bank.

Chase promised up to $5 million and Capital One has pledged $1 million in storm relief donations to help recovery efforts after Hurricane Sandy tore apart the eastern seaboard this week.

Jamie Dimon, CEO of JPMorgan Chase, said that the bank is “prepared to offer unprecedented help from all areas of our firm through charitable relief, loans, fee waivers, and other commitments. We plan to be one of the key engines toward this recovery.”

Capital One also assured their support, stating “we are committed to do everything we can to help our customers and local communities recover and rebuild from this devastating event.”

Chase Trumps Other Banks with $5 Million in Aid

JPMorgan Chase has pledged the largest amount so far out of the big banks that have donated to the relief efforts.  The $5 million in donations are going to:

  • $2 million to the American Red Cross
  • $2 million for local agencies offering counseling, temporary housing, cash assistance and other social services
  • $1 million in matching funds for employee donations to the American Red Cross, WorldVision, and the United Way

They will also lend up to $5 billion in incremental capital for small- and mid-size businesses affected by the storm to help them rebuild. Loans will have discounted fees and rates and are in addition to small business funding that Chase already has in place. Customers will also be able to donate Ultimate Reward Points to the American Red Cross.

Capital One’s $1 Million Plan

Capital One will give $200,000 in cash contributions to various emergency relief grants, and another $600,000 for long-term recovery efforts in New York and New Jersey. The remaining $200,000 will be in matching funds donated by customers.

Capital One’s No Hassle giving web site, which was launched in 2008 in partnership with Network for Good, will match customer donations to the American Red Cross or the Voluntary Organization Active in Disaster (VOAD) through November 9. Customers can donate using cash or credit cards and transaction fees for donations will be covered 100% by Capital One. Gifts will be matched dollar-for-dollar up to $200,000. Customers can go to to donate.

Capital One funds will go toward AmeriCares, Global Giving, the Virginia Disaster Relief Fund, and the Community Foundation of the National Capital Region, as well as local Red Cross chapters in New York, New Jersey and Delaware.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Big Banks Report Fourth-Quarter Earnings
Big Banks Report Fourth-Quarter Earnings

Posted: January 18, 2013

Profits were up in the fourth quarter of last year for JPMorgan Chase and Citibank, but down at Bank of America. Continue reading

Banks Respond to Hurricane Sandy by Forgiving Fees
Banks Respond to Hurricane Sandy by Forgiving Fees

Posted: October 31, 2012

In the wake of Hurricane Sandy, many banks and credit card issuers are waiving or refunding fees for customers affected by the storm. Policies vary from bank to bank, but overdraft fees, late fees, and foreign ATM fees are being waived by… Continue reading

Hurricane Relief Efforts get Boost from Banks
Hurricane Relief Efforts get Boost from Banks

Posted: November 01, 2012

Banks pledge their support in the wake of Hurricane Sandy’s path of destruction. Citibank, Wells Fargo, and Bank of America have all announced donations to storm relief efforts. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Introducing the New Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
For Good/Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!