Virgin Money launches charity credit card

Charities chosen by customers will receive a small proportion of the value of transactions

Virgin Money has launched a new credit card that will give 1 per cent, with Gift Aid, of the money that customers spend to charity.

Each time the Virgin charity credit card is used, Virgin Money will make a ‘cashback' payment of 0.8 per cent of the value of the transaction and this will be given to a charity chosen by the customer.

If the customer claims Gift Aid on the donation, its value will increase to 1 per cent of the money spent.

A Virgin Money spokesman said: "This is an easy and convenient way to support good causes. Cardholders will be able to nominate their chosen charities, which they can change quickly and easily."

He said if a customer did not specify which charity the money should go to, it would be donated to a charity chosen by Virgin Money.

 

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