The Haitian earthquake may not be front page news anymore, but the relief and rebuilding efforts along with the need for help in that devastated country will continue for a long time. If you would like to make a difference and help with a donation, but don’t have the cash to do so, we have the perfect solution for you!
Credit card companies and other financial institutions are making it easier than ever to provide assistance to the people of Haiti (as well as other charitable organizations) through various programs which allow credit card holders to donate their rewards points to Haiti. Even those who have recently gone through the credit repair process are able to donate, although the donation amounts vary.
Here is a list of a few of the largest credit and banking institutions that have programs which allow you to donate points to Haiti:
- American Express. Those enrolled in the Membership Rewards program can redeem points. 1,000 points is equivalent to a $10 donation. You can donate points to Haiti in increments of 1,000, 5,000, 10,000, 50,000 and 100,000.
- Bank of America. Bank of America has an existing program which allows consumers to use their WorldPoints Rewards and Power Rewards points to assist other charities, including the Make-A-Wish Foundation. The specific procedure for Haiti donations involves simply logging into the individual’s online account and selecting the “Rewards” tab.
- Citibank. Citibank customers can donate points to Haiti simply by calling 800-THANK-YOU. Donations can be made in denominations of $50 and $100.
- Capital One. Capital One is one of the most generous when it comes to donating rewards points to charities. They started their tax-deductible “No Hassle Giving Site” in 2008, with excellent results as they’ve seen an 850 percent increase in giving so far in 2010.
- Chase. Cardholders can donate points to Haiti through the American Red Cross Haiti Relief and Development Fund. 2,500 Ultimate Rewards points is equivalent to a $25 donation.
For several months now many credit card holders have used these unique programs to make a real difference in the earthquake-ravaged country. With the exception of Captial One, companies suggest that you check with your accountant before counting the donations as tax-deductible on your income tax return (particularly if you’ve recently gone through the credit restoration process).
Even during a recession it is possible to help out charities through this painless way to give money without digging into you wallet. Have you used your points to help Haiti or do you plan to? Why or why not?
No related posts.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.