Giving Tuesday is a good time to donate, since lots of your favourite charities might have a sponsor or donor that’s prepared to match your quantity. An added bonus? You’ll be able to earn money again, factors or miles with every charitable donation you make.
Listed below are among the greatest bank cards and factors packages to make use of when donating to charity this yr.
The perfect bank cards to make use of for charitable donations
Comparability of the perfect playing cards for charitable donations
| Card | Bonus | Rewards fee on charitable giving (return primarily based on TPG valuations) | Annual charge |
|---|---|---|---|
| The Blue Enterprise Plus Credit score Card from American Categorical | Earn 15,000 Membership Rewards® factors after you spend $3,000 in eligible purchases on the Card inside your first three months of Card Membership. | 2 factors per greenback on the primary $50,000 spent in purchases every year (4%), then 1 level per greenback after that (2%) | None (see charges and costs) |
| Citi Double Money Card | Earn $200 money again after you spend $1,500 on purchases within the first six months of account opening. | 2% (1% if you purchase, plus 1% if you pay. 3.6% with a linked ThankYou account) | None (see charges and costs) |
| Chase Freedom Limitless | Earn an extra 1.5% money again on all the things you purchase (on as much as $20,000 spent within the first yr), value as much as $300 money again. | 1.5% (3% with a linked Final Rewards account) | None |
| Capital One Enterprise Rewards Credit score Card | Earn 75,000 bonus miles if you spend $4,000 on purchases within the first three months from account opening. | 2 miles per greenback (3.7%) | $95 (see charges and costs) |
| Financial institution of America® Premium Rewards® bank card | 60,000 bonus factors after you make not less than $4,000 in purchases within the first 90 days of account opening. | 1.5 factors per greenback (1.5%-2.625% relying in your standing degree inside the Financial institution of America Most well-liked Rewards® program) | $95 |
| The Enterprise Platinum Card from American Categorical | 150,000 Membership Rewards® factors after you spend $20,000 on eligible purchases with the Enterprise Platinum Card inside the first three months of card membership. Phrases apply. | 1 level per greenback (2%) on donations of lower than $5,000 | $695 (see charges and costs) |
The Blue Enterprise Plus Credit score Card from American Categorical
Welcome supply: Earn 15,000 Membership Rewards® factors after you spend $3,000 in eligible purchases on the Card inside your first three months of Card Membership.
Rewards fee: 2 factors per greenback spent on the primary $50,000 in purchases every year (4% return primarily based on TPG’s valuations); then 1 level per greenback on purchases thereafter.
Advantages:
*Eligibility and profit degree varies by card. Not all car sorts or leases are lined, and geographic restrictions apply. Phrases, circumstances and limitations apply. Go to americanexpress.com/benefitsguide for particulars. Insurance policies are underwritten by AMEX Assurance Firm. Protection is obtainable via American Categorical Journey Associated Providers Firm, Inc.
**Eligibility and profit ranges range by card. Phrases, circumstances and limitations apply. Go to americanexpress.com/benefitsguide for particulars. Insurance policies are underwritten by AMEX Assurance Firm.
Day by day E-newsletter
Reward your inbox with the TPG Day by day publication
Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
Annual charge: $0 (See charges and costs)
The Blue Enterprise Plus is a good selection for small-business house owners, because it has no annual charge and earns 2 factors per greenback on all purchases as much as $50,000 per yr (then 1 level per greenback thereafter). TPG values transferable Membership Rewards factors at two cents every, which is a 4% return on the primary $50,000 yearly.
For extra particulars, see our full overview of the Amex Blue Enterprise Plus.
Apply right here: The Blue Enterprise Plus Credit score Card from American Categorical
Citi Double Money Card
Signal-up bonus: Earn $200 money again after you spend $1,500 on purchases within the first six months of account opening.
Rewards fee: 2% money again — 1% if you purchase and 1% if you pay — on all the things, however rewards could be transferred to a linked ThankYou account (3.6% return primarily based on TPG’s valuations).
Annual charge: None
The Citi Double Money Card (see charges and costs) is a no-annual-fee on a regular basis spending card that awards 1% money again if you make a purchase order and one other 1% again if you pay that cost off for a complete 2% return. Nonetheless, in case you have a Citi ThankYou card, you possibly can switch the rewards earned by your Citi Double Money Card to your ThankYou account, the place they’re going to develop into full-fledged ThankYou factors. So, the Citi Double Money Card’s 2% money again return can develop into a 3.6% return should you switch your rewards to a linked ThankYou account.
For extra particulars, see our full overview of the Citi Double Money.
Apply right here: Citi Double Money Card
Chase Freedom Limitless
Signal-up bonus: Earn an extra 1.5% money again on all the things you purchase (on as much as $20,000 spent within the first yr), value as much as $300 money again.
Rewards fees: Earn 5% money again on journey bought via Chase Journey℠, 3% on eating at eating places, 3% at drugstores and 1.5% on different eligible purchases.
Advantages:
- Buy safety covers your new purchases for 120 days towards harm or theft, as much as $500 per declare and $50,000 per account
- Prolonged guarantee extends the time interval of the U.S. producer’s guarantee by an extra yr on eligible warranties of three years or much less
Annual charge: None
When you’ve got a premium Final Rewards card such because the Chase Sapphire Most well-liked Card, the Chase Sapphire Reserve or the Ink Enterprise Most well-liked Credit score Card, you possibly can convert the rewards earned by your Chase Freedom Limitless into Final Rewards factors. The Chase Freedom Limitless is a good companion to any premium Final Rewards playing cards as a result of it boosts your non-bonus class incomes — together with charitable donations — from 1 level per greenback to 1.5.
For extra particulars, see our full overview of the Chase Freedom Limitless.
Apply right here: Chase Freedom Limitless
Capital One Enterprise Rewards Credit score Card
Signal-up bonus: Earn 75,000 bonus miles if you spend $4,000 on purchases within the first three months from account opening.
Rewards fees: 2 Capital One miles per greenback spent on all the things (3.7% return primarily based on TPG’s valuations).
Advantages:
*Advantages solely accessible to accounts authorised for the World Elite Mastercard. Phrases apply.
Annual charge: $95 (see charges and costs)
The Capital One Enterprise Rewards Credit score Card earns 2 miles per greenback spent on all purchases, together with donations. You need to use the miles to repay current journey purchases you make on the cardboard or you possibly can switch your miles to airline and resort companions. TPG values Capital One miles at 1.85 cents every because of the worth you may get by transferring your miles to companions — and in contrast to among the different playing cards described on this information, you need not have one other card in your pockets to unlock the power to switch your rewards to journey companions.
If you happen to’re excited about 2 miles per greenback on all the things however desire a extra premium card, the Capital One Enterprise X Rewards Credit score Card is a good selection. For a $395 annual charge (see charges and costs), you get a excessive sign-up bonus, added bonus classes and a number of other perks, together with an as much as $300 credit score, anniversary miles bonus, rental automotive standing and extra.
For extra particulars, see our full overview of the Capital One Enterprise Rewards Credit score Card.
Apply right here: Capital One Enterprise Rewards Credit score Card
Financial institution of America® Premium Rewards® bank card
Signal-up bonus: Earn 60,000 bonus factors after you make not less than $4,000 in purchases within the first 90 days of account opening.
Rewards fees: 2 factors for each greenback spent on journey and eating purchases and 1.5 factors for each greenback spent on different purchases.
Advantages:
Annual charge: $95
The Financial institution of America® Premium Rewards® bank card earns 1.5 factors per greenback spent on non-bonus classes, equivalent to charitable donations. Nonetheless, you possibly can earn as much as a 75% bonus on the factors earned on this card primarily based in your standing degree inside the Financial institution of America Most well-liked Rewards program.
- Gold degree requires $20,000 in property and awards a 25% rewards bonus
- Platinum degree requires $50,000 in property and awards a 50% rewards bonus
- Platinum Honors degree requires $100,000 in property and awards a 75% rewards bonus
- Diamond degree requires $1,000,000 in property and awards a 75% rewards bonus
On the Platinum Honors and Diamond tier, that is a 75% bonus on the common 1.5 point-per-dollar ratio for a complete of round 2.6 cents in rewards per greenback.
For extra particulars, see our full overview of the Financial institution of America Premium Rewards bank card.
Apply right here: Financial institution of America® Premium Rewards® bank card
The Enterprise Platinum Card from American Categorical
Welcome supply: Earn 150,000 Membership Rewards® factors after you spend $20,000 on eligible purchases with the Enterprise Platinum Card inside the first three months of card membership.
Rewards fees: 5 Membership Rewards factors per greenback spent on flights and pay as you go inns on amextravel.com (10% return primarily based on TPG’s valuations), 1.5 factors per greenback on eligible purchases in choose enterprise classes and eligible purchases of $5,000 or extra on as much as $2 million of those purchases per calendar yr (3% return primarily based on TPG valuations) and 1 level per greenback spent on different purchases (2% return).
Advantages:
Annual charge: $695 (see charges and costs).
Lastly, should you’re feeling beneficiant and seeking to donate $5,000 or extra, The Enterprise Platinum Card from American Categorical gives 1.5 Membership Rewards factors per greenback for all purchases over $5,000 yearly (as much as $2 million of those purchases). Simply make it possible for wherever you make your donation, all the quantity is charged as one transaction and never break up into two or extra funds — equivalent to a month-to-month giving schedule — since you’ll solely get the 1.5 multiplier on fees over $5,000 made as a single buy.
For extra particulars, see our full overview of the Amex Enterprise Platinum card.
Apply right here: The Enterprise Platinum Card from American Categorical
Greatest methods to redeem factors for donations
With regards to donating your hard-earned factors, there are a number of alternatives on the market. Right here, we’ll highlight a couple of packages that make it simple to redeem towards hundreds of fundraisers or nonprofits.
Each American Categorical Membership Rewards and Hilton Honors enable factors for use towards a various array of nonprofit organizations. Amex companions with JustGiving and Hilton companions with PointWorthy to make the method easy by linking your accounts.
You’ll be able to earn Membership Rewards factors by holding an Amex card; listed here are a few of our greatest Amex card choices. Likewise, Hilton Honors factors could be earned not solely with stays at a Hilton property but additionally by signing up for a Hilton bank card.
United permits you to donate miles via Miles on a Mission to plenty of completely different charities and campaigns, together with the American Pink Cross, International Glimpse and Make a Want.
Whereas we usually choose to accrue miles and factors and use them to journey, donating a small variety of miles or factors could be a good way to maintain your factors and miles from expiring. After all, in case you have a big stash of factors and wish to do good with out spending money then utilizing factors could make sense, too.
Associated: Now you can redeem Chase, Citi and Amex factors for charity — here is how
Ought to I join a brand new card earlier than making a big donation?
If you happen to’re contemplating making a big donation, you might have considered trying to enroll in a brand new bank card earlier than making the donation. By doing so, you may make important progress towards the spending required to acquire the cardboard’s sign-up bonus. If you don’t need to enroll in a brand new card, contemplate whether or not you’ve got a card with a threshold spending bonus to fulfill.
Associated: 10 best bank card sign-up bonuses to earn
Does the charity get my full donation?
Usually, retailers (together with charities) are charged charges on bank card fees.
For many playing cards and retailers, these charges are between 2% and 4% of the quantity charged. That signifies that should you donate $1,000 to a charity, the charity will seemingly solely get $960 to $980 of your donation as soon as the financial institution levies varied card processing charges.
If you need a set quantity to succeed in your charity of selection, you could wish to give a little bit additional to cowl the bank card fees. (You would additionally simply donate utilizing a debit card, test or money, however then you definitely will not earn any rewards on the donation.)
Backside line
If you happen to’re utilizing a bank card to make charitable donations this season, make sure to use a bank card that maximizes your earnings. And if you wish to use rewards as a substitute of incomes them, you possibly can make the most of a number of rewards program partnerships to do exactly that. Irrespective of the route you select, bank cards could make your Giving Tuesday even sweeter.
For Capital One merchandise listed on this web page, among the above advantages are supplied by Visa® or Mastercard® and will range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply
For charges and costs of the Blue Enterprise Plus Card, click on right here.
For charges and costs of the Amex Enterprise Platinum Card, click on right here.
Up to date 12/06/2023
