Many organizations have unique financial needs for different credit cards for Non-profits. As a non-profit, you want to maximize donations, reduce expenses, and earn rewards that support your cause. The right credit card can be an invaluable tool to help you achieve those goals.
This post will explore the best credit cards options for non-profits and help you decide which one best aligns with your organization’s spending and values.
Benefits of Credit Cards for Non-Profits
Accepting credit card donations can benefit non-profits in the following ways:
- Increased Donations
- Credit cards encourage larger donations because givers don’t have to be as conscious about their spending
- Recurring donations are also easier to set up with credit cards
- Access to Rewards
- Many cards offer cash back or points that translate to money that can be reinvested into furthering your non-profit’s mission
- Fraud Protection
- Credit cards provide more security, fraud monitoring, and protection than other payment methods
- Flexible Spending
- Credit cards allow you to easily track category spending and stick to budgets
As you can see, the right credit card has a lot to offer for non-profits. Next, let’s explore the top options.
What to Look for in a Non-Profit Credit Card
When evaluating credit cards for your non-profit organization, consider factors like:
- Rewards Rates & Categories: Focus on cards that offer boosted rewards for major expenses like travel, office supplies, shipping, internet and phone bills. Non-travel categories often offer the highest rates.
- Sign-up Bonuses: A good bonus can offset years worth of annual fees and boost your starting rewards balance. Just ensure you can meet minimum spend.
- Annual Fees: If budgets are tight, a $0 annual fee card prevents additional expenses. But if you can maximize perks and rewards, an annual fee could pay for itself.
- Fraud Protections: Non-profit cards should have extensive monitoring to prevent unauthorized charges which can jeopardize donations.
By balancing those key factors against your spending patterns and budgets, you can find the optimal card for supporting your charitable mission. Now let’s see some top recommended options.
10 Best Credit Cards for Non-Profits – Top Recommended
Ink Business Preferred® Credit Card
Best For: Best Welcome Bonus
Key Features
- 100,000-point signup bonus worth $1,000 in cash back
- 3X points on travel, shipping, internet, cable, phone, and online ads
- $95 annual fee
The generous welcome bonus that can offset the annual fee makes this one of the best options for nonprofits that can meet the minimum spending requirement of $8,000 in 3 months.
Capital One Spark 1.5% Cash Select
Best For: Simplicity
Key Features
- Unlimited 1.5% cash back on every purchase
- No category restrictions or spending caps
- No annual fee
With easy flat-rate rewards and no annual fee, this card simplifies earning potential for nonprofits without extra categories to track.
American Express® Business Gold Card
Best For: Best Bonus Rate
Key Features
- 4X points in top 2 monthly spending categories
- 70,000 point signup bonus after $10,000 spend
- $295 annual fee
The increased earning potential in your customized categories makes this a great option if you can maximize bonus categories and offsets the higher annual fee.
Ink Business Unlimited® Credit Card
Best For: Best Cash Back Card for Large Nonprofits
Key Features
- Unlimited 1.5% cash back on all purchases
- $750 bonus cash back after meeting spend requirements
- No annual fee
With no caps on rewards, this is an ideal pick for larger nonprofits able to spend more on an annual basis.
Ink Business Cash® Credit Card
Best For: Best for Bonus Categories
Key Features
- 5% cash back on first $25,000 in combined annual purchases for office supply stores and internet, cable and phone services
- 2% back at gas stations and restaurants
- $750 signup bonus cash back
- No annual fee
Great for nonprofits with high expenses in the 5% and 2% bonus categories that can maximize rewards before reaching the $25,000 annual cap per category.
The Blue Business® Plus Credit Card from American Express
Best For: Best Rewards Card for Small Nonprofits
Key Features
- 2X Membership Rewards® points per $1 spent on first $50,000 in annual purchases
- 15,000 point signup bonus
- No annual fee
The increased earning rate up to $50,000 in annual spend makes this ideal for smaller nonprofits that won’t exceed that cap.
Bank of America® Business Advantage Customized Cash Rewards Mastercard®
Best For: Best for Customization
Key Features
- 3% cash back in one category you choose from common options
- 2% back on dining
- $300 signup bonus
- No annual fee
Choose and boost rewards for top business spending categories from flexible options. No annual fee.
The American Express Blue Business CashTM Card
Best For: Cash Back Card for Small Nonprofits
Key Features
- 2% cash back on first $50,000 in annual purchases then 1% after
- $250 statement credit signup bonus
- No annual fee
Maximize 2% cash back for small or midsize nonprofits that spend under $50,000 per year. Straightforward cash rewards redemption.
Ramp Business Card
Best For: No Personal Guarantee
Key Features
- No personal guarantee required
- 1.5% Cashback on every purchase
- No annual fee
Unique no-personal-guarantee approval process expands options for established nonprofits. Plus unlimited cash back.
Charity Charge Nonprofit Business Card
Best For: Focus on Nonprofit Category
Key Features
- 0% annual fee
- Specialized for 501(c)(3) tax-exempt nonprofits
- Build your nonprofit brand’s credit history
Designed with nonprofit organizations in mind – both in requirements and rewards features.
Conclusion on Best Credit Cards for Non-Profits
From increasing donations to earning cash back to simplifying expenses – the right credit card delivers immense value for non-profits. You have to weigh factors like rewards structures, fees, and brand relationships as you determine the best fit card for your organization.
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