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MBNA: Charity credit cards make a significant contribution

According to credit card provider MBNA, charity credit cards can make a significant difference to the causes they support.

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16 December 2009

MBNA: Charity credit cards make a significant contribution

According to credit card provider MBNA, charity credit cards can make a significant difference to the causes they support.

For example, charity credit cards from MBNA help to make contributions of over £10 million to WWF every year, over £1.4 million to Breakthrough Breast Cancer and £1.5 million to the National Trust.

When payments are made using a charity credit card, the issuer pays a percentage of the cost of every purchase made to the charity of the card holders' choice.

No extra charge is made to the charity credit card holder when this happens.

MBNA's comments follow the release of a survey by the card provider, which revealed 51% of those polled thought a charity card was appealing.

However, a total of 41% were not aware of the concept of a charity credit card.

Spokesperson for MBNA John Greaves commented on the study: "The results show givers see the value of a charity credit card, but that many are unclear of how they work in practice."

He added that following the results of the study, the company is working on its communication in conjunction with the charities to ensure consumers understand the role of charity credit cards.

MBNA also offers football credit cards, so consumers can support their team every time they make a purchase using one of the cards.

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