Personally, my Discover card cashback bonus never seemed worth the effort. It would take me a whole year of charging junk to earn like $12. They won’t even send you a check for less than $20.
But, if you actually charge enough to earn a few bucks, Discover lets you donate them to charity through the Cashback Bonus Charitable Partnerships. Best part: Discover Card adds 20% to cardmember contributions.
You can designate only one of three charities (charities which I believe Discover also supports through direct grants and contributions of employee volunteer time).
- Junior Achievement ” is the world’s largest organization dedicated to inspiring and preparing young people to succeed in a global economy.”
- Juvenile Diabetes Research Foundation“JDRF’s mission is to find a cure for diabetes and its complications through the support of research.”
- The Make-A-Wish Foundation “grants the wishes of children with life-threatening medical conditions.”
Now if they partner with someone like Network for Good to let you designate your charitable donation for any nonprofit, that would be extra powerful.
Tags: cashback bonus, charity, contribution, corporate philanthropy, discover card, philanthropy
June 20, 2008 at 3:30 am |
[...] “Cashback Bonus” for Charity « The Philanthropic Family Last year I suggested Network for Good partner with a bank to provide no minimum donor advised fund type accounts. Now my friend Sharon Schneider suggests they partner with a credit card cash back program. Great idea! (tags: philanthropy) [...]
June 20, 2008 at 9:06 am |
Thanks for the endorsement, Sean.