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Susan G. Komen® Credit Card Review
Published October 18th, 2016
October is Breast Cancer Awareness month, and it's estimated that over 40,000 women will die from this disease in the United States in 2016. In fact, nearly every American knows someone who has been affected by this insidious disease.
The Susan G. Komen foundation was created in 1982 and has become one of the leading organizations in the United States to funding research, education, screenings, and treatments for those affected by breast cancer. One of the best ways to show your support year round is with the Susan G. Komen® Credit Card.
Fight for the Cure with Every Purchase
Bank of America is the exclusive credit card partner of the Susan G. Komen foundation, and using their Bank of America Susan G. Komen® Credit Card supports the cause in several ways. For each new card that is activated within 90 days of opening, Komen will receive $3 and 0.08% of each customer's retail purchases made with the card.
Komen will also receive an additional $3 for each renewal of the card, as long as the account is in good standing and doesn't have a zero balance at the time of renewal.
As a result, Bank of America® has guaranteed a $3 million donation as part of its Pink Ribbon Banking credit card and checking program from June 2015 to December 2020. In fact, the foundation has already received over $7 million from Bank of America® as part of this program since 2009.
Bank of America® also offers its Pink Ribbon checking program, which offers checks, statements and debit cards with the Susan G. Komen logo printed on them. Like the credit card, using Bank of America's Pink Ribbon checking program will also help raise funds for Susan G. Komen.
Earn Cash Back Rewards
Not only does this card benefit the Susan G. Komen foundation, but it also comes with a generous rewards program for cardholders. New applicants can receive a $100 cash rewards bonus after spending at least $500 in the first 90 days.
You also earn 3% on gas and 2% at grocery stores/wholesale clubs for the first $2,500 in combined grocery store and gas purchases each quarter, then 1% cash back on all other purchases.
There is no annual fee with this credit card and cardholders also receive 0% intro APR for 12 billing cycles on purchases and balance transfers. The ongoing APR is 13.24% to 23.24%.
Donate Points to Fight for the Cure
Even though there is just one credit card that is licensed by the Susan G. Komen foundation, there are other ways to use your credit card to fight for the cure. If you carry a rewards credit card with Capital One, American Express, or Citi, you may be able to donate points to the Susan G. Komen Foundation or a number of other reputable charities.
A few credit cards that offer the option to donate points include:
- Capital One® Venture® Rewards Credit Card
- Capital One® Quicksilver® Cash Rewards Credit Card
- The Amex Everyday® Credit card from American Express
- The Amex Everyday® Preferred Credit Card from American Express
- Premier Rewards Gold Card from American Express
- Citi ThankYou® Preferred Card
- Citi Prestige® Card
Shop and Make a Difference
ShopKomen.com: This is a site where consumers can purchase apparel and merchandise that features the Susan G. Komen pink ribbon logo. A minimum of 15% of the purchase price is donated to the foundation.
BCRF.org: On the Breast Cancer Research Foundation website, 91 cents per dollar spent on purchases at the Breast Cancer Research Foundation shopping site will go directly towards cancer research and awareness programs.