Charity Credit Cards: Characteristics And Features
There is a well established proverb regarding charity beginning at home
. The interpretation of this proverb could take two different and diverse paths. People at home are the first persons upon whom one should start doing charity for. The idea that charity is a necessity for the society as a whole comes when one is at home and amongst other family members. Whichever is the case, once the idea of doing charity has been finalized, how to go about it is the next question in the queue waiting a reply. Charity Credit cards is an easy reply to this last query and provided by the regular credit card companies.
Realizing the potential that the idea of charity and donations for the same holds, credit card issuing companies have come up with Charity Credit cards. The basis of its working is that, for every purchase the Charity Credit Card holder conducts on this card, a small percent of the transaction amount goes to the charity fund that the card is linked to.
With the variety of charity credit cards that have come up, the consumer has the option to select which particular social activity that the individual wishes to donate to.
There are two methods by which the credit card company transfers money to the charity organization. One is a lump sum process where the amount is transferred at the initial time of the credit card being approved to an individual. The other is the recurring process where in the amount is credited with every purchase carried out by the individual using the charity credit card.
Amongst the various advantages that charity credit has to its list one that is most obvious is that there is no need to spend time to search for the place where donation could be given for a particular cause or even the procedure to do so, as they differ from each and every charitable organization.
A spendthrift individual most times draws critical comments from family members or relatives. The individual could also at times suffer pangs of guilt with this addiction of buying for self pleasure. With the use of Charity Credit Card, which adds the factor of a noble cause to the otherwise pure lavish habit, these factors of criticism gets washed away.