A credit card set to launch on Tuesday will cater to right-wing consumers.
The new card, Coign, plans to donate portions of its profits to causes more aligned with conservative causes and groups
“Too many corporations are investing their customers’ money in political and social priorities that align with their executives, the media, and the left’s agenda,” Coign founder and former GOP political operative Rob Collins told the Washington Free Beacon. “Coign will let conservatives voice their priorities through charitable donations they get to pick.”
The company is reportedly making the card available with no membership fees, with 1 percent cash back on all purchases.
The company’s advisory team includes former senators and strategists, including Senator Cory Gardner, Chris Hansen, and Matt Lira, who worked in the White House under the Trump administration.
“Credit card companies and banks have ramped up donations to left-wing groups in recent years: JPMorganChase & Co. donated more than $2 billion to Black Lives Matter and criminal justice reform groups in response to the movement’s protests, while Bank of America pledged to spend $1 billion on a so-called racial equity program,” reports the Free Beacon.
The 10 largest banks in the United States, including Chase and Bank of America, gave over $2.6 billion to Black Lives Matter aligned causes after the death of George Floyd in 2020, with tens of millions of more dollars being given to other liberal groups, according to data accessed through the Foundation Directory Online.
Credit card companies and banks donated over $29 million to the immigration group UnidosUS, $2 million to the Clinton Foundation, and $1.2 million to pro-abortion groups. Goldman Sachs also donated $3.5 million to the Obama Foundation, and $3.5 million to Chinese universities.