# Virgin Money charity credit card to donate up to 1% of card purchases

- Link: https://fundraising.co.uk/2010/03/11/virgin-money-charity-credit-card-donate-1-card-purchases/
- Published: 2010-03-11T10:19:16+00:00
- Author: Howard Lake

![](https://www.fundraising.co.uk/files/virginmoney_charity_creditcard.jpg)

Financial services provider Virgin Money has announced that its new Virgin Charity
Credit Card will donate up to 1% of the customer’s spending on the card to the charity
of their choice. The company’s first product since it became a bank, the Virgin 
Charity Credit Card will also be the first charity affinity card to enable Gift 
Aid.

The Virgin Charity Credit Card can donate a basic 0.8% of the customer’s expenditure
on the card to the charity of their choice. Since it enables Gift Aid for cash back,
the first charity affinity card to do so, the total value of the donation can rise
to 1%.

Scott Mowbray at Virgin Money, said: “Cardholders will be able to nominate their
chosen charity which they can change quickly and easily. As an example we have seen
from the recent earthquake disaster in Haiti people are keen to help in cases of
dire need and this card ensures they can react quickly. If a customer can’t decide
which charity they want their cash back to go to, then our nominated charity will
receive the funds.”

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The card has a typical rate of 12.9% APR (variable) and offers a lifetime balance
transfer rate of 8.9%. It charges a 2% balance transfer fee if the transfer is made
within 60 days of the account opening. A 2.98% fee applies otherwise.

Virgin Money last year launched its not-for-profit online fundraising service virginmoneygiving.
com, the official sponsorship website of the Virgin London Marathon, Royal Parks
Half Marathon and Sony ‘Run to the Beat’.

http://uk.virginmoney.com/virgin/charity-credit-card/

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