Guide To The Best Credit Cards For Nonprofits And Accepting Card Donations Bankrate Caret RightMain Menu Mortgage Mortgages Financing a home purchase Refinancing your existing loan Finding the right lender Additional Resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Bank Banking Compare Accounts Use calculators Get advice Bank reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Credit Card Credit cards Compare by category Compare by credit needed Compare by issuer Get advice Looking for the perfect credit card? Narrow your search with CardMatch Caret RightMain Menu Loan Loans Personal Loans Student Loans Auto Loans Loan calculators Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Invest Investing Best of Brokerages and robo-advisors Learn the basics Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Home Equity Home equity Get the best rates Lender reviews Use calculators Knowledge base Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Loan Home Improvement Real estate Selling a home Buying a home Finding the right agent Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Insurance Insurance Car insurance Homeowners insurance Other insurance Company reviews Elevate your Bankrate experience Get insider access to our best financial tools and content Caret RightMain Menu Retirement Retirement Retirement plans & accounts Learn the basics Retirement calculators Additional resources Elevate your Bankrate experience Get insider access to our best financial tools and content Advertiser Disclosure
Advertiser Disclosure
We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. SHARE: mixetto/Getty Images July 01, 2022 Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. Bankrate logo The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation for how we make money. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Terms apply to the offers listed on this page. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Bankrate logo The Bankrate promise
At Bankrate, we have a mission to demystify the credit cards industry — regardless or where you are in your journey — and make it one you can navigate with confidence. Our team is full of a diverse range of experts from credit card pros to data analysts and, most importantly, people who shop for credit cards just like you. With this combination of expertise and perspectives, we keep close tabs on the credit card industry year-round to: Meet you wherever you are in your credit card journey to guide your information search and help you understand your options. Consistently provide up-to-date, reliable market information so you're well-equipped to make confident decisions. Reduce industry jargon so you get the clearest form of information possible, so you can make the right decision for you. At Bankrate, we focus on the points consumers care about most: rewards, welcome offers and bonuses, APR, and overall customer experience. Any issuers discussed on our site are vetted based on the value they provide to consumers at each of these levels. At each step of the way, we fact-check ourselves to prioritize accuracy so we can continue to be here for your every next. Bankrate logo Editorial integrity
Bankrate follows a strict , so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Key Principles
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers. Editorial Independence
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Bankrate logo How we make money
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. A nonprofit organization is one that has received tax-exempt status from the Internal Revenue Service (IRS), usually because it provides a public service or supports a social cause. This type of company refrains from earning profits for its owners and instead donates all income (beyond operational expenses) to whatever cause it champions. But, that doesn’t mean nonprofits don’t need their own credit card. Like any other business, nonprofit organizations could benefit from having a dedicated they can use to keep business purchases separate and simplify expenses for tax-time. Not only that, but they can use a nonprofit credit card as a line of credit when cash flow is tight. Beyond these benefits, nonprofit organizations can also use a business to earn cash back while gaining access to important consumer protections. How to choose the right credit card for your nonprofit
By and large, nonprofits don’t need the same personal perks or benefits you get with business credit cards that charge an annual fee, so nonprofits don’t want to pay one if they don’t have to. Fortunately, an array of nonprofit credit cards don’t charge an annual fee at all, and the best credit cards for nonprofit organizations still offer generous rewards. Factors to consider when picking a nonprofit credit card
To find the right nonprofit credit card, you’ll want to compare options with no annual fee and a robust rewards program. Also, keep an eye out for business credit cards that offer consumer protections that could help your business. Examples include purchase protection against damage or theft or extended warranties on eligible items that come with a manufacturer’s warranty. Also, think of the categories your business spends the most in. As you compare the , you’ll notice that some credit cards for nonprofits offer considerably more rewards in certain categories and that you can use this to your nonprofit’s advantage. Finally, consider how you can redeem the rewards you earn with your nonprofit card. Ideally, you’ll find a card that lets you or for cash back you can funnel back into your nonprofit. Best credit cards for nonprofits
The best credit cards for nonprofits are ones with plenty of perks and no hidden fees. The four cards that made Bankrate’s ranking are highlighted below. Ink Business Cash Credit Card Best for large nonprofits
The is ideal for nonprofit organizations that have plenty of office space and a lot of bills as a result. This business credit card lets you earn 5 percent back on the first $25,000 in combined spending at office supply stores and on Internet, cable and phone services each account anniversary year (1 percent thereafter), as well as 2 percent back on $25,000 in combined spending at gas stations and restaurants each account anniversary year (1 percent thereafter). You’ll also earn 1 percent back on all other purchases you make, and you get the chance to earn $900 in bonus cash back when you spend $6,000 within the first three months of account opening. You won’t pay an annual fee, and you can save money with 0 percent intro APR on purchases for 12 months, followed by a variable APR of 16.24 percent to 22.24 percent. Major cardholder benefits for nonprofits include fraud protection, free employee cards, purchase protection, extended warranties and auto rental collision damage waiver when you rent a car for business purposes. Ink Business Unlimited Credit Card Best for simplicity
The is a good option for nonprofits that want to earn flat-rate rewards on all their business spending. No annual fee is charged, yet you can earn a flat 1.5 percent cash back on all purchases you make. An initial sign-up bonus of $900 bonus cash back is also offered if you sign up and spend $6,000 on your card within the first three months of account opening. This business credit card also extends a 0 percent intro APR on purchases for 12 months, followed by a variable APR of 16.24 percent to 22.24 percent. You also get free employee cards, purchase protection, extended warranties, auto rental collision damage waiver when you rent a car for business purposes, roadside assistance and other perks. The Blue Business Plus Credit Card from American Express Best for flexible rewards
is interesting because it lets you earn points in the without an annual fee. This means that, once you rack up a stash of rewards, you can redeem points for gift cards, merchandise, and even transfers to American Express airline and hotel partners. Once you sign up, your nonprofit can earn 2X points on the first $50,000 you spend each year, followed by 1X points. There’s no annual fee, and you also qualify for 0 percent intro APR on purchases for 12 months, followed by a variable APR of 16.24 percent to 24.24 percent. American Express Blue Business Cash Card Best for flat-rate rewards
The works similarly to the “Plus” version, except that it offers cash back instead of Amex Membership Rewards points. This card lets you earn 2 percent back on the first $50,000 you spend on eligible purchases each year, after which you’ll earn 1 percent back. There’s no annual fee, and you’ll get the same 0 percent intro APR on purchases for 12 months from account opening, followed by a variable APR of 16.24 percent to 24.24 percent. How to accept credit card donations as a nonprofit
If you want to raise money for your nonprofit, you’ll also have to think about credit cards from an entirely different angle. By setting up a system that lets you accept donations made with a credit card, you can make giving to your cause more convenient and make it easier to raise money online. Fortunately, accepting donations online only requires a little legwork. First and foremost, you’ll want to find a payment processor you can use that works well in the donation space. Typically, this includes a processor that works with your nonprofit’s CRM or even an online donation tool. Things to keep in mind about accepting credit card donations
Payment processors that make online donations a breeze include options like Stripe and PayPal, whereas actual donation tools include options like DonorBox, iDonate and Fundly. Where payment processors simply offer a platform for people to donate, donation tools tend to offer more features like landing pages and the option to create events. Either type of platform can be a good option, but you’ll want to watch out for fees involved with payment processors or donation tools. As an example, PayPal charges 2.2 percent, plus $.30 per transaction just to accept donations on your behalf. However, donation tools tend to be even more costly since they come with more features. For example, iDonate charges a plan fee of at least $199 and a flat 2 percent fee on donations you bring in. The bottom line
The best credit card for nonprofits can vary depending on how your organization spends and the cardholder features you could benefit from. With that being said, you’ll likely want to focus on for business, as well as those without an annual fee. No matter what, make sure to compare all the top business credit cards on the market today before you decide. SHARE: Holly Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more. Related Articles