Posts Tagged ‘Charities’

How To Apply Credit Card Rewards To Charities

Posted in Apply Credit Card on 09/08/2011 11:18 pm by admin


How To Apply Credit Card Rewards To Charities

One way cardholders can donate to charities is by using credit cards that specifically donate a percent of your purchase straight away to the charity. The APRs for these cards is usually not the best in the world. I wonder if the company is actually donating anything at all or rather passing the cost of the donation on to the cardholder through the higher APRs.

If you want to help a charity, look at credit cards that let you forward your points on to them. This way, you give to charities without actually giving out of your pocket. The reward points you would normally get from your credit card company go the charity of your choice. Instead of cashing them yourself, forward them to your favourite charities for their use.

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It may not seem like much but every little bit counts and adds up. Charities can use the points to buy needed things and they can use travel miles.

What You Need To Do

With these imputed cards, you simply selecting the option of donating your reward points to a charity when you go to cash in your reward points online. Probably the only thing I should warn you about is that any decision you make to donate the points is permanent. You will not be able to get them back if you get donator’s regret. So think twice before clicking that button!

The Downside

The only true downside if you want to apply credit card rewards to charities is that you do not get credit for it. While you can normally use cash and time donations to lower your taxable income through tax deductions, you cannot do so when you donate your card rewards to a charity.

If the tax break is important enough, you might be better off using the credit card rewards yourself and then making a cash donation directly to the charity instead. Only in that way will you see any tax benefits.

Watch Your Balance

Remember, you do not want to end up paying unnecessary finance charges just to use apply your credit card rewards to your favourite charity. The credit card company is not going to apply any of the finance charges you pay on an unpaid balance to any charity, so giving up money like that is just money going down the drain.

If you can pay off your credit card balance each month before the grace period is over, then using a credit card for charity can served.





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0 Interest Credit Card Applications – Unlock Superior Savings

Posted in Finance on 05/21/2010 07:48 am by admin
Morgan Hamilton asked:




It is true that the best things in life are free. But in the modern age, are there still things that are free? Practically every product and every service available in the market today has to be paid for. Gone are the days when people just gave things without expecting anything in exchange. Although there are still few people engaged in charities, sadly almost everyone now is more concerned with making a profit.

But incredibly, this is not entirely the case with credit cards. Even though we know that companies issuing these cards aim to make profits more than anything else, we also know that part of their mission whether, consciously or unconsciously stated, is to make the lives of people more convenient. In fact, many rewards, incentives and beneficial schemes come free from these cards.

One of the most common offerings is the zero interest credit card applications. This kind of cards works like the regular credit cards, you borrow credit and then make monthly repayments. The difference though is that interest free cards, as the name implies, do not come with any interest charges.

It sounds like a perfect deal, right? However, it is important to keep in mind that what most companies offer are only for a limited period as a means to attract new customers. Of course, this does not mean to say that we cannot make big savings out of this scheme.

Here are the several tips on how to get the most from your interest free credit card application:

1. Establish a good credit report so your application can be approved more easily.

2. Submit a 0 credit card application to a reputable company. It is only by shopping around and comparing the deals offered that you will be able to see which one is the best deal.

3. Know how long the introductory period and how much the regular interest rate is. Most introductory periods last from 12 to 15 months depending on the discretion of the company.

4. Know about the different types of 0 interest credit cards. You have to know the specific charges that qualify as free of interest. Other companies have the zero interest on balance transfers; some put it on new purchases.

5. Read and study the terms and conditions carefully especially the section that gives details about fees, costs and penalty policies. Be sure you also do not miss the fine print. Do not hesitate to ask questions if there is anything unclear or vague about the terms.

6. Be careful about repayments. Companies issuing regular cards are often more tolerant when it comes to late payments. However, those that offer 0 introductory rates are stricter and may cancel the introductory period if you miss your deadline.

Interest free credit cards are truly an excellent way to unlock superior savings. With proper precautions and responsible use, these can offer a huge financial relief that will enable you to save a lot of money since the interests you pay for can in fact be additional money in your pocket.

Bernice