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Comment by mgiannopoulos | Hacker News Reader

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mgiannopoulos·

>> A percentage of every purchase made on your Linux Foundation credit card goes back to Linux Foundation <<

Would be nice if they actually mentioned what that percentage is exactly.

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For affinity cards from this company (UMB/Cardpartner) it's typically 0.3%.

Source: https://www.owasp.org/images/0/08/CardPartner_Kit.pdf

awesome, great sleuthing!

I'm curious what kind of return the linux foundation can get from this, out in the world.

0.3%?! It'd far more effective to get a 2% cash back rewards card like the Double Cash, and donate the money to the Linux Foundation.

Only if you actually remember to donate your rewards balance. Effortless transactions are powerful.

Depending on your payroll provider, you may be able to automate this. (Gusto used to make this easy, though they recently changed it so that each charity has to be signed up with their backend provider. Not sure about other payroll platforms.)

https://www.charitynavigator.org/index.cfm?bay=search.profil...

Industry standard is about 10 BPS for affinity programs and a bounty for acquiring customers for the bank. No rewards program might make this one higher, maybe 70-110 but none more.

A better plan if you wanted to support Linux would be 2% cashback card that you donate all rewards to Linux.

A an even better plant would be for the issuer to give 2% to the Linux Foundation (or any other non-profit of choice or even a mix), without making the merchant pay for it. The issuers are awash in money.

I am quite certain that they are not able to disclose that according to their partnership.

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