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It's safe to say that the coronavirus (COVID-19) is on everybody's mind right now. With the United States now surpassing every other country in the world on the total number of confirmed cases, all of us are wondering what we can do to help.
One of the best things you can do—aside from practicing social distancing—is to donate money to the American Red Cross. The Red Cross is on the frontlines of over 60,000 disasters every year, and the coronavirus crisis is no exception. It's dedicating its resources towards the COVID-19 response, helping to provide support for blood drives and critical relief services through trained Red Cross personnel.
American Airlines Partnership
American Airlines and the American Red Cross have had a long-standing relationship, and now the two are teaming up against the coronavirus pandemic. AA is now offering an incentive for its loyalty members to donate. For a limited time, American will award 10X AA miles per dollar for every donation of $25 or more.
The list of terms is pretty brief, but there are a couple of things worth noting:
- Donate between now and April 30, 2020
- Donations must be $25 or more
- You must provide your AAdvantage number to earn bonus miles
- Bonus miles will appear in your account 30-45 days after donation
There are a lot of things to like about this offer. In addition to the inherent benefit of providing crucial financial aid to a worthy cause, you'll also be receiving a roughly 15% return on your spending—depending on how you value AA miles.
Also, these deductions—after subtracting the fair market value of the miles received—are tax-deductible. Even if you don't itemize your deductions, the COVID-19 stimulus package lets taxpayers deduct $300 of charitable contributions starting in 2020.
Use the Right Card
Since we're all stuck at home for the foreseeable future, some may be struggling to reach the minimum spend requirement for a new credit card sign-up bonus. A donation to the Red Cross can be a great way to cross that threshold while earning a solid amount of miles.
However, if you're not currently trying to meet a minimum spend requirement, then it's best to use a good all-around/general-spend credit card. Some of our favorites include The Blue Business® Plus Credit Card from American Express, the Capital One Venture Rewards Credit Card, the Citi® Double Cash Card, or the Chase Freedom Unlimited®.
The American Red Cross is on the front lines of COVID-19, helping to maintain a sufficient supply of blood for patients as well as providing critical relief services where we need it most. It's great to see that—even amidst the undeniable financial turmoil that it's facing—American Airlines is continuing its partnership with the Red Cross to help those in need due to the pandemic.
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