The Pink Credit Card- Card for a Cause
You would probably not have heard of a credit card that is designed for a special cause, which is why the pink credit card is so special. The pink credit card is the card that has been designed for the cause of breast cancer. What this means is that whenever a transaction is made on the card, a small portion of that amount goes to a breast cancer organization which is trying to fight breast cancer. The organization in question here is the Susan G. Komen organization, designed exclusively to help breast cancer patients.
The usage of the pink credit card is extremely simple and there is very little difference between the pink credit card and other credit cards. There is no application fees required and there are no obligations that you must fulfill if you want the pink credit card, and the process itself is quite simple. The pink credit card has zero percent APRs for the first seven to twelve months on all purchases as well as balance transfers, but that ratio is completely dependent on the user’s credit history, which if good would obviously favor the client in the long run. After this period is over, an APR of 12.99 percent to 20.99 percent would be levied on all balance transfers and purchases, again depending on the credit history of the user.
Furthermore, there is no annual charge or fees involved in using the credit card, although certain credit card companies have claimed a monthly charge of $9.95 for the services. However, a late payment fee of $35 is charged in case you fail to clear your credit bills. A returned payment fee of $25 is charged as well in case of return payments. The good thing is that the bank of America has guaranteed the Susan G. Komen organization that it would make an annual donation somewhere in the region of $1.95 million to $2.7 million in order to help cancer patients.
The bank of America is one of the prime sponsors of the Susan G. Komen organization, and the pink credit card is their initiative to help those who are suffering from breast cancer. You should also know that whenever a person takes the pink credit card and opens his or her account, the Susan G. Komen organization gets a donation of a minimum of $3, as well as an additional $1 for renewing the card on an annual basis. Furthermore, 0.20% of all purchases made on the pink credit card are also donated to the Susan G. Komen organization, and this figure becomes extremely large throughout the year as more and more people have begun to use the credit card.
Therefore, it is a great way to contributing to a cause as worthy as that of fighting breast cancer, and if doing something as simple as getting your credit card charged on purchasing every day products can help the patients, then it is surely a great idea to try.