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Credit Cards Should Drop Fee On Donations

Haiti relief efforts

The major credit card companies have succumbed to public pressure and stopped taking a cut of some donations earmarked for Haiti disaster relief.

But they’re only waiving the usual 3% transaction fee for a few specific charities, and only for the next few weeks.

If you want to donate with your credit card, here’s where you can give fee-free:

Mastercard Worldwide: American Red Cross, AmeriCares, UNICEF, Save the Children and CARE USA.

American Express: Charities listed by the U.S. Agency for International Aid.

Visa: American Red Cross, AmeriCares, CARE USA, Direct Relief International, Habitat for Humanity, International Rescue Committee, Mercy Corps, Oxfam America, Save the Children, U.S. Fund for UNICEF, and World Vision. Visa will also donate all fees made on donations to other Haiti disaster relief programs to the American Red Cross.

Discover: American Red Cross. If you have over $20 in Discover Cash Back bonuses, you can donate those toward disaster relief, and Discover will match the first $1 million of those donations.

We think it’s way past time for the credit cards to permanently abolish this fee on donations to all legitimate relief organizations.

It’s shameful for financial companies to profit from money intended to help the sick, the injured, the hungry and the homeless.

Why does it take a monumental disaster such as Hurricane Katrina and the Haitian earthquake for the credit cards to (sort of) do the right thing?

Comments (1)
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  1. Andrew said:
    on January 20th at 09:54 pm

    Thank your for this excellent resource this is exactly what I have been looking for.

    I agree completely, these greedy banks have no conscience only a bottom line. They should only charge a fee for operating costs, no other.