Marking the start of its 5-year sponsorship of the London Marathon, Virgin Money has launched a new London Marathon charity credit card, offering 0.8% cashback which can be redeemed by the cardholder or donated to charity.
For those who use the card to donate to charity, Gift Aid will boost the total donation to over 1% of all spending on the card.
The card comes with a typical APR of 12.9%, well below the market average, and allows the cardholder to choose the charity that will receive the donation from a list of hundreds of charities of all sizes.
London Marathon card backed by charity fundraiser Phil Packer
The new credit card has been backed by award-winning fundraiser Phil Packer, who is aiming to complete the London Marathon in 26 hours, raising cash for 26 charities.
Phil said: ‘I am looking forward to taking part in this year’s Virgin London Marathon and supporting 26 tremendous charities by walking the Marathon in 26 hours. I am using the Virgin London Marathon Credit Card as it will deliver extra money to charities and it provides great exclusive offers for runners.’
The special offers include discounts at online sports clothing retailer sweatshop.co.uk and up to 35% off a range of UK IHG hotels.
Low APR and donation to charity make Virgin Charity Card attractive
Martyn Saville, Which? credit card expert, commented: ‘This new Virgin credit card offers a repackaged version of the charity card it launched around two months ago, now tying in with Virgin’s sponsorship of the London Marathon. If you pay off your credit card bill in full each month and are looking for a cashback deal that helps charities, this is a competitive card.
‘Not only can you support your favourite charity, but the good cause can also claim Gift Aid on the donation. The relatively low APR makes this a good all-round card, although consumers looking for a 0% balance transfer deal would do better switching to a Which? Best rate 0% balance transfer credit card, such as the Virgin Money Credit Card, offering 14 months at 0%. You could then donate some of the money you save each month to your chosen good cause.’
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