Are Charity Credit Cards Good For Charity?
Posted by DoItLikeThat in CreditNot long ago, Robin Amlot posted a bit of a rant about the charity credit card craze at MSN Money. The rant was on target, as far as it went. If your intent is to donate to a charity, your favourite charity will certainly get far more from your gift if you make the donation directly. Under various charity schemes, your donated loot will actually be worth more to the charity than the amount that you contributed. But that rant rather misses the point of using a charity credit card, doesn’t it?
The point is that this is money you’ve spent anyway. When you charge your purchases on a charity card, you’re not paying more or less for your purchases - but a part of that cost goes from your pocket into the coffers of your favorite charity. Amlot’s article takes the position that if you charge
