For those of you that earn credit card points, you might want to check if your points can be used to donate money to charity. For my credit card, I’m able to donate more money per point than if I redeemed the points for cash. I believe these donations are tax deductible in the U.S. (I think they would go on line 17 in Schedule A).
I know Citi Forward and Citi Thank You cards earn donatable points, but the Citi Forward card is no longer being issued. For people looking for a new credit card, it looks like cash back cards like Citi Double Cash would beat Citi Thank You. Maybe the EA action could be to look for a cash back or reward card that will give you the most money to donate to charity, depending on your spending habits. For example, a cash back card offering 5% back on certain categories might beat the Citi Double Cash’s consistent 2% back if you tended to spend money in those categories.
For those of you that earn credit card points, you might want to check if your points can be used to donate money to charity. For my credit card, I’m able to donate more money per point than if I redeemed the points for cash. I believe these donations are tax deductible in the U.S. (I think they would go on line 17 in Schedule A).
Do you know of any credit cards that do this Andy? We could add it to the lists of EA actions on EA Hub and the EA Wiki.
I know Citi Forward and Citi Thank You cards earn donatable points, but the Citi Forward card is no longer being issued. For people looking for a new credit card, it looks like cash back cards like Citi Double Cash would beat Citi Thank You. Maybe the EA action could be to look for a cash back or reward card that will give you the most money to donate to charity, depending on your spending habits. For example, a cash back card offering 5% back on certain categories might beat the Citi Double Cash’s consistent 2% back if you tended to spend money in those categories.