Looking to generate social benefit out of credit-card rewards many consumers leave on the table, a new company is producing a card that steers 1 percent of all purchases to nonprofits of the customer’s choice, writes Fast Company.
Unlike many giving-linked payment cards, the Charity Charge MasterCard issued by Commerce Bank is not limited to a single organization or cause — as with “affinity” cards — and there is no donation-processing fee, so recipient groups get the entire cash-back bonus. Consumers choose target charities when they sign up for the card and can change them at any time.
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