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KembaraXtra- Financial Terms- affinity card refers to a credit card issued to members or supporters of a particular organization, club, charity, or institution.
The credit-card provider agrees to donate money to the organization or charity whenever cards are issued or used for purchases.
In some cases, a small percentage of the spending by cardholders is contributed directly to the affiliated organization.
Affinity cards are commonly used by charities, universities, sports clubs, and membership organizations as fundraising tools.
In the United Kingdom, affinity cards are also known as charity cards because they help generate financial support for selected causes and organizations.
The credit-card provider agrees to donate money to the organization or charity whenever cards are issued or used for purchases.
In some cases, a small percentage of the spending by cardholders is contributed directly to the affiliated organization.
Affinity cards are commonly used by charities, universities, sports clubs, and membership organizations as fundraising tools.
In the United Kingdom, affinity cards are also known as charity cards because they help generate financial support for selected causes and organizations.
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