Higher Rewards provides religious and nonprofit organizations with a self-branded credit card that allocates 2% of every purchase to the organization, creating a passive fundraising solution. This approach addresses the challenge of consistent donor support by enabling members to contribute effortlessly through everyday transactions.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Nonprofit and religious organizations face continuous challenges in securing consistent funding to support their community programs. Traditional fundraising methods often require significant effort and resources, while relying on sporadic donor contributions can lead to unpredictable revenue streams.
Solution
Higher Rewards offers a co-branded credit card program for religious and nonprofit organizations that automatically allocates 2% of every purchase made by cardholders to the organization as a donation. This provides a passive fundraising solution, enabling consistent donor support through everyday transactions without additional effort from the organization or its members. Higher Rewards acts as the issuing bank, managing card issuance, transaction tracking, and donation distribution while ensuring data privacy and security. The program is offered at no cost to participating organizations, creating a mutually beneficial partnership that supports community initiatives.
Target Audience
The primary target audience includes nonprofit organizations, faith-based institutions, and membership organizations seeking a sustainable and effortless fundraising solution, as well as their members who want to support these organizations through everyday spending.
Features
- Co-branded credit cards featuring the organization's logo and design
- Automatic donation of 2% of every purchase to the designated organization
- Secure card issuance and transaction processing managed by Higher Rewards
- No participation fees for nonprofit or religious organizations
- Marketing support to promote card adoption among members
- Tax-deductible donations for cardholders (for 501c3 organizations)