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5 Things to Know About the Charity Charge World Mastercard

March 8, 2019
Cash Back Credit Cards, Credit Cards, Rewards Credit Cards
5 Things to Know About the Charity Charge World Mastercard
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If your philosophy is that it’s better to give than to receive, you may want to check out the Charity Charge World Mastercard® Credit Card. The $0-annual-fee card, issued by Commerce Bank, has a unique set-it-and-forget-it way of donating to your preferred worthy causes.

Use the card and earn rewards on your spending. The Charity Charge World Mastercard® Credit Card will automatically donate those earnings to the charity of your choosing — no separate checks to write, no calculating how much you can give. The card aims to make donating simple.

Read on for a few more facts about the Charity Charge World Mastercard® Credit Card.

1. It pays 1% cash back to the nonprofit of your choice

The Charity Charge World Mastercard® Credit Card works like any flat-rate rewards card. Just use the card to make a purchase and earn an unlimited 1% cash back. Except instead of earning points, miles or a credit to your account, that 1% will be automatically donated to the cause you select.

You can choose from among 501(c)(3) organizations, K-12 schools, universities or religious organizations to receive your earnings. You can also choose to spread the donation love around and change your designated recipient whenever you like.

2. You can donate to three charities at once

The Charity Charge World Mastercard® Credit Card will let you fund up to three different nonprofits at the same time. You can use the Charity Charge World Mastercard® Credit Card’s donation dashboard to help keep track of where your earnings are going and get a big-picture view of your impact over time.

3. Your reward donations are tax-deductible

Generally, you can’t claim a tax deduction for donating credit card rewards. But the Charity Charge World Mastercard® Credit Card says all donations made through purchases with the Charity Charge World Mastercard® Credit Card are tax-deductible.

You can view your tax receipts at any time by logging into your account and visiting the tax receipts section on the donation dashboard. When it’s time to do your taxes, you can download a detailed receipt to include when you file.

4. No processing fees are taken out of your donations

All of your earnings from the Charity Charge World Mastercard® Credit Card will go directly to your charity, without any donation processing fees taken out. Instead, Charity Charge covers that cost through its own revenue generation.

According to the website, the company makes money through referral fees from their banking partner and also earns a small percentage on each purchase you make with your card.

5. It comes with World Mastercard benefits

Since the Charity Charge World Mastercard® Credit Card is a World Mastercard, it comes with some exclusive perks. There are shopping benefits like price protection on eligible items and extended warranties on qualifying items purchased with the Charity Charge World Mastercard® Credit Card.

You’ll also get travel and lifestyle extras including special discounts and access to travel and concierge services, among other benefits.

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