Expensify Launches First Corporate Card Rewards Program with Automatic Charitable Donations

Expensify, the world’s most widely-used and fastest-growing expense management platform, today announced a new corporate card initiative, Karma Points, that makes an automatic charitable donation every time an Expensify cardholder makes a purchase. With every swipe, Expensify will donate 10 percent of Expensify Card revenue to causes aimed at keeping people off the streets, getting hungry kids meals, and fighting climate change. The Expensify Card is the first corporate card to offer a more meaningful alternative to traditional rewards points.

“The reality is, rewards worth hundreds of billions of dollars go unredeemed every year, and most people with rewards cards spend more in fees and interest than the rewards they earn,” said David Barrett, founder and CEO of Expensify. “Revenue from these rewards programs is literally measured in pennies on the dollar — or fractions of pennies. But what if we combined all those billions of fractions of pennies and put them into the hands of those who need them a whole lot more than we do? That’s the idea behind Karma Points.”

All funds raised will be donated through a new charity, Expensify.org, and used to fight three of the biggest challenges of our time: homelessness, hunger, and climate change. To maximize simplicity and participation in the program, donations will route automatically to one of five funds most relevant to any given purchase. Cardholders will also receive an instant notification on their phone letting them know which fund their purchase supported. For example, an employee booking a flight with their Expensify Card will trigger a donation toward tree planting to help offset carbon emissions. An employee taking a client to lunch will direct funds to provide a hungry child a meal.