Commerce Bank Launches Charity Charge MasterCard
The new Charity Charge MasterCard allows cardholders to automatically donate 1% of their purchases to non-profits, K-12 schools, colleges, universities or religious organizations.
Commerce Bank collaborated with Charity Charge on the card to reflect its commitment to the community.
“Giving back is engrained in our culture. In 2015, Commerce and its related foundation provided more than $3 million in community support. We were immediately drawn to Charity Charge’s mission to empower socially conscious consumers to give back and we’re proud to support this important effort,” said Chad Doza, senior vice president of consumer card products at Commerce Bank.
The Charity Charge MasterCard works like any other card. The only difference is that rewards go to the charity of the cardholder’s choice instead of some other reward. Cardholders can choose up to three non-profits and can change their recipients at any time. Charity Charge underwrites all fees, which means 100% of the donation will go to the organization.
Currently, Charity Charge donations are not tax deductible.
The Charity Charge card offers chip technology, no annual fee and a low introductory APR for the first six months. Other features include:
- $250,000 travel insurance
- Price protection, which reimburses cardholders if they find a lower price on an eligible item within six months of purchase
- An extended warranty on select products
- Emergency assistance
The card, which will be available on Apple Pay, is available now.
Stephen Garten, founder and CEO of Charity Charge, said of the partnership, “Everyone has a connection to a greater cause or a charitable organization. The mission of Charity Charge is to empower consumers’ desire to give back to any nonprofit of their choice in a way that’s effortless and convenient.”