Credit card companies, in order to obtain your business, will offer incentives like a time-bound 0% interest free rate, air-miles, reward points as well as a free broadband. To this catalog, they have also added the facility for charge card users to support their favourite charities that have been doing commendable work in various fields for example medical research, preservation of wildlife, protecting National Heritage, caring for the sick and aged to say a few. So how can you use credit cards which supports your favourite charity? Simply by applying for what is called an Affinity Credit Card. This is credit cards which is affiliated to charities such as Heart Foundation Card, Breast Cancer Charitable organisation, and the WWF Credit Card. The way in which it works is that initially the charge card company will make a donation associated with say, £ 5. 00 followed with a donation of say, 0. 3% from the amount you have spent on your own purchase. So, in a nutshell, should you were to spend £ 100. 00, the charge card company would donate 0. 30p towards the charity of your choice. However, before you submit an application for a credit card, be it Affinity or every other, do keep in mind that you need to keep close track of your financial circumstances. Affinity Credit Cards usually charge a greater interest rate and this could prove to be more expensive over time. But if you are financially secure and are capable of pay off any outstanding balances to credit card issuers each month, then supporting your favourite charity in this manner is a splendid idea.
Syed Abedin is really a mortgage broker and personal credit professional. His e-mail address is syzab(a)btinternet. comCredit Credit cards UK
View this post on my blog: http://creditcard.valuegov.com/charity-credit-cards/
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