Virgin Money has launched its first product since it gained a
banking licence in January: a credit card which will help raise
money for charity.
The Virgin Charity Credit Card will donate the equivalent of 1
percent of all spending to a charity of the cardholder’s choice,
unlike the majority of existing charity cards which are affiliated
to a specific charity.
According to Virgin, it is the only card issuer adding Gift Aid
to all donations, increasing the amount of money the charity gets
by 28 percent for UK taxpayers.
“The Virgin Money Charity Credit Card is an easy and convenient
way to support good causes and the addition of Gift Aid ensures
charities get the maximum benefit from donations,” said Virgin
Money spokesman Scott Mowbray.