Charity Charge, a Public Benefit Corporation out of Austin, TX has recently announced it’s new nonprofit credit card. The company already works with nonprofits all across the country as large as $100 million in revenue including chapters from United Way, Junior League, YMCA, and many others. After months of testing and feature build outs the company is now offering the nonprofit credit card program to all organizations.
“When we learned that we could shift our business expenses to a Charity Charge nonprofit credit card, it was an easy decision. We like that using the card integrates giving back into every purchase we make. The automatic cash-back rebates are great, and the fact that no personal guarantor is required allows us to further reduce our organization’s risk and liability.”
Kate Williams, CEO of 1% for the Planet
About the Nonprofit Credit Card
The company designed the nonprofit credit card after finding that so many are paying high fees and oftentimes unknowingly putting their staff and employees at risk with their traditional business credit card provider.
The top benefits nonprofits find the most compelling:
- Access to Mastercard’s global network, travel and security/theft protection programs
- No annual fees
- 1% cash rebates on a monthly basis directly to nonprofits’ credit card statements
- Custom-branded cards with the organization’s logo
- Discount program to access more than 200 vendors, such as FedEx, Enterprise, and Staples.
Nonprofit, academic, and religious organizations can also benefit from advanced expense management features in the Charity Charge Nonprofit Business Mastercard platform that are not typically available to smaller organizations.
These tools enable built-in online expense reporting and employee card limits, ensuring that nonprofits can effectively manage expenses.
Nonprofits can add as many cardholders as they wish at no cost and manage everything online including setting spend limits. On top of this, nonprofits get a real person dedicated to their nonprofit that’s easily accessible by phone, email, or text.
“Today marks an exciting step forward as we roll out the first business credit card designed for nonprofits,” said Stephen Garten, founder and CEO of Charity Charge.
“There are more than 1.5 million nonprofit organizations in the U.S. spending more than $1.8 trillion dollars each year, which shows how much nonprofits can benefit from a new credit card model that helps them manage expenses and earn cash back.”
Nonprofits with a two-year history of revenue and spending can request to be pre-qualified for the new card in just a few days by visiting the Charity Charge website. The Charity Charge Nonprofit Business Mastercard is underwritten by Commerce Bank, a commercial credit card issuer since 1968.
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