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.
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.