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Because we want to shed some light on the small print you see in financial documents. By pulling back the curtain on how a credit card company really works, we can work together to be better.

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Giveback: Time to submit your charity ideas!
Barclays Ring Public Blog

We’re preparing for our 7th Giveback allocation for the period ending 9/30/2015 and things are looking very positive! So, we wanted to let community members submit their charity partner ideas again! 

 

If you recall, our 6th Giveback allocation period was a bit delayed because of the Giveback formula changes. Cardmembers were able to allocate their Giveback (it was our first positive Giveback period in over 2 years!) as a statement credit or donate it to the winning charity, the Wounded Warrior Project®. The Wounded Warrior Project will receive over $6K as part of the charity program. (An exact total will follow shortly.)

 

The details for submitting the 7th Giveback charity partner ideas are noted below. Note: If you submitted a charity idea previously, feel free to resubmit your idea for the 7th Giveback allocation. And, don’t forget to champion each of your ideas with details such as why you’re passionate about your charity.

 

Action 1 – Submit  Your Charity Ideas! NOW through October 1st

Now that we’ve reach the 7th Giveback allocation period, we wanted to let community members submit their charity partner ideas again. (We will be providing the total Giveback amount in the Financial Stats blog shortly.) Charity submissions will be accepted NOW until October 1st. So, here is a little refresher on how to do that:

 

The charity project that you propose must be associated with a public 501c3 organization or a 501c3go organization (schools). We also strongly encourage you to choose a project that is not associated with an organization that may be considered controversial. Barclaycard cannot be seen as favoring one side of a controversial topic. For this reason we specifically ask that you not submit an idea related to a religious or political organization. We reserve the right to decline a charity project that we view to be too controversial.  We believe that even with that caveat there are many options to consider.

 

Action 2 – Kudo Your Favorites NOW through October 1st

You will “give support” for an idea by giving it a kudo.  Kudo as many ideas as you want. Remember that, you can only kudo an idea once and once you kudo it, you can’t unkudo it.

 

Action 3 – Score the Ideas and Vote

The scoring is pretty simple. Every kudo is worth a point. The idea will also get bonus points based on the submitting member’s community rank. An idea submitted by a bronze member will get 5 points. A silver member will get 10 points, a gold member 15 points, a platinum member 20 points, and a palladium member 25 points. (So, you can see, your rank has a lot of weight in the calculation. And, you have until the end of the voting period to increase your rank through community activity. So, now is a great chance to perform a few new activities in the community to help increase your rank!)

 

We will calculate the kudos and bonus points at the END of the submission period, October 1st. The submitting member’s community current rank on the last day of the kudoing period will be used.

 

Official Voting period will begin October 2nd

At the end of the kudoing period, we will take the top 5 finalists and package them together for a final official vote starting October 2nd through October 15th.

 

Submissions will be accepted now through October 1st. You can post your charity project ideas in the Charity Idea Submission Fall 2015 discussion thread. Click the "Start a Discussion" button at the top and fill in your headline (in the subject field and details in the 'Body'). This will help keep all of the ideas and information in one place.

 

So, submit your charity idea today! Charity submission timeline (and your ability to kudos other ideas) will close on October 1st with the official voting period for the top 5 submissions will be October 2nd-October 15th. Any questions, let us know! (Charities shared in the comments section of this blog won't be considered for voting, so BE SURE TO SUBMIT YOUR CHARITY IDEA using the link above.)

 

UPDATE:

A NEW Giveback arrangement as of 3/16/2015.

The 3 percent hurdle number and 70 percent share number have changed to a 2.25 percent hurdle and 20 percent, respectively. This means that cardmembers will have less potential when returns are higher but will be more likely to receive Giveback. This change has been made retroactive to the beginning of the Giveback period October 2014. Please read additional information about this change in our blog post, New Giveback™ arrangement coming for Barclaycard Ring.

 

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