Credit Card Companies Are Cutting Ties with Hate Groups
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Major US credit card companies are severing ties with extremists and hate groups, after backlash from activists alleging that those groups’ websites were able to raise funds using credit card payments, Bloomberg reported on Wednesday.
The companies taking action include Discover, Visa and MasterCard. In emailed statements to The Points Guy, spokespersons for both Visa and MasterCard said that the companies reviewed lists of groups they found objectionable and then made the decision to end ties with the groups.
“In recent months, concerned organizations provided Visa an extensive list of websites, including hate sites, religious organizations, and political groups, which they find offensive,” the Visa spokesperson said. “Our financial institution clients are prohibited from submitting illegal transactions into the Visa payment system and, in working with them, it was determined that a number of these sites were not adhering to those financial institutions’ acceptable use policies and/or were engaging in illegal activities.”
Visa said that “these sites are no longer able to accept Visa payments.” The decision does not “restrict transactions that are legal and involve free speech or lawful expression of views, even if we may find the organization or its positions to be offensive,” Visa added.
MasterCard is taking a similar tack, and “shutting down the use of our cards on sites that we believe incite violence,” according to an emailed statement from Senior Vice President of North America Communications James Issokson.
“If and when we are made aware of merchant activity that is illegal or otherwise in violation of our rules, we reach out to the merchant’s bank to ensure the activity ceases,” Issokson said. “We have reviewed a comprehensive list of websites provided by civic leaders and others. We are shutting down the use of our cards on sites that we believe incite violence.”
Payment network PayPal also said in a statement on its website that it is working to “ensure that our services are not used to accept payments or donations for activities that promote hate, violence or racial intolerance. This includes organizations that advocate racist views, such as the KKK, white supremacist groups or Nazi groups.”
Featured image by Damien Meyer/Getty Images.
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,600
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
- 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.