Gift Giving Credit Cards - Who Is Really Receiving With These Cards?

Article by:Peter Craske
Gift giving credit cards are marketed by credit card companies under the guise that you will be donating a large wedge of cash to your favourite charity every time you use it. To be honest with you, nothing could be further from the truth! Read this article to find out why you should dump your charity card today and what your real gift giving credit card options are.
The reason you should get rid of the charity credit card in your wallet is quite simple; your credit card company is taking you for a fool! Now before we go any further, let me back that previous statement up with some hard facts. The majority of gift giving or charity cards only give the charity up to a maximum of 0.3% of the value you spend on your card. This is compared to an average 2% charge that the credit card companies levy on Retailers etc., every time you use your card. So from this quick analysis, it's easy to see who's making all the money here, right?
If you do believe in charitable donations and want to give via a credit card, what is the most efficient way of doing so? The answer my friend is staring you in the face. Sign up for the best cash back credit card you can get your hands on. If you do your homework properly, you should be able to get one that pays out at a rate of 1% (compare this to the 0.3% above!). Over the course of a year this can really mount up, especially if you use your cash back card for all of your monthly expenditure and pay it off in full each month.
For more tips on how to better a Gift Giving Credit Card and related issues like 5 % Cash Back On All Credit Card Purchases make sure you visit Peter Craske's visit site ===> http://www.ukcreditcard-directory.co.uk
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