Charity credit cards can make a difference
By UK CreditCards.com
Use of charity credit cards helps customers "maximise donations" as the recession leads to tough times at not-for-profit organisations, new analysis indicates.
Many charities are facing a financial squeeze in the downturn as consumers are less willing to make donations than before, the Independent on Sunday reported.
Recent figures from the Charities Aid Foundation (CAF) show that the average amount donated by members of the public has fallen by 11% over the past year.
The industry body also suggests that the charities are facing a financial "pincer", with the credit crunch leading to demand for services increasing even as donations drop.
Speaking to the newspaper, CAF spokesman James Ketchall explained: "Those charities involved at the sharp end of the recession -- employment, mental health and debt advice -- are the most hard pressed at this time."
However, the report added that "a few simple steps" by UK consumers could "spell the difference between life and death for some charities".
One of the examples given was the use of charity credit cards, which donate to a chosen causes via customer purchases. For example, MBNA's WWF Credit Card makes a pre-set donation to an environmental charity whenever it is used.
Cards linked to the NSPCC and Cancer research are also available on the UK high street.
Published: 30 September 2009
- Best cards for your 2017 holiday shopping – Try one of these cards to get the most rewards as you do your winter holiday shopping this year ...
- How to manage initial baby costs – Even with preparation, the immediate costs of a baby can be overwhelming. Here's how to manage those first expenses ...
- Solutions for rewards aficionados in a dwindling rewards state – Many issuers are scaling back rewards programmes as a result of the cap on interchange fees that came into effect in March 2015. If you're an aggressive rewards chaser, here are some ways you can keep maximising your points ...