SwipeGood Allows Credit Card Users to Donate to Charity with Every Purchase

If you like to regularly donate money to charity, then SwipeGood is a good company to look into.

The San Francisco based start up company enables credit card users to donate their spare change to charity. So just how does it work?

Donating With Every Purchase

Every time that you make a purchase, you will be donating something to charity. The amount that you spend is rounded up to the nearest dollar. The leftover money from the transaction is then donated to charity. You don’t even have to think about it. The donation is done automatically for you.

You will need to specify which charity you would prefer the money to go to. At the moment because SwipeGood is a new company, the list of charities is quite small. Just two of the charities listed include Donorschoose.org and charity:water.

It is thought that on average, each SwipeGood user will donate around $20 per month. The money is taken on a monthly basis. All of your purchases are rounded up and the difference is then given to the charity of your choice.

The scheme is very much like the Bank of America ‘Keep the Change’ program. The only difference is that instead of keeping the money yourself, you are giving it to those who are less fortunate. If you would like to, you can set up a regular donation amount. Perhaps you want to give more than the money which is rounded up each month? If so, then you can set a donation limit once you have been signed up with the company.

One thing that you may be interested in is the fact that the charity that you donate to will send you a tax receipt at the end of the year. All of your donations are tax deductible.

What’s In It for SwipeGood?

You may be wondering what the advantages are for SwipeGood when it offers this service. Well, the company will receive around 5% of the monthly amount. This is to cover its operating expenses. This is actually quite small when you compare it to how much charities tend to pay direct marketing companies. They usually charge between 15% and 20%.

The main benefit of this service is the fact that you don’t have to spend ages trying to decide where to donate your money. So many people would love to make regular donations but they don’t understand how to go about it. With so many worthwhile causes out there, how can you decide which one to donate to?

SwipeGood is there to help and you should be able to find at least one charity that you would like to donate to from the list provided.

Overall SwipeGood may be a new company but it is likely to get extremely popular over time. You can currently take part in the SwipeGood program if you have an American Express or Blippy card. Other banks will soon also be added, so it is worth looking into.

Credit Card Offer Comparison

		Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual Fee	Cash Advance Rate (p.a.)
Bankwest Breeze MasterCard	A low interest rate on everyday purchases with a low balance transfer offer	0% for 4 months (reverts to 11.99% )	0% for 6 months	$59	21.99%
Citibank Clear Platinum Card	A low interest rate offer on balance transfers and purchases	0% for 6 months (reverts to 11.99% )	0% for 6 months	$49 annual fee for the first year ($99 thereafter)	21.74%
St.George Vertigo	An introductory offer on balance transfer and a low annual fee	13.24%	2.99% for 6 months	$0 annual fee for the first year ($55 thereafter)	21.49%
Virgin Australia Velocity Flyer Card	Earn 1 velocity point per $1 spent, plus an introductory offer on balance transfers	20.99%	2.9% for 6 months	$129	20.99%
Westpac 55 Day Credit Card	No annul fee for the first year with a low rate on balance transfers and purchases	0% for 5 months (reverts to 19.59% )	0.99% for 9 months with 1% handling fee	$0 annual fee for the first year ($30 thereafter)	21.49%