Virgin Money has launched a new credit card to show its support for the LGBT community.

Every time a Virgin Money customer makes a card purchase using a Rainbow Card, £1 will be donated to Stonewall.  Stonewall was created in 1989 to advance the acceptance of the LGBT community.

Chris Taylor, director of credit cards at Virgin Money, said: “Virgin Money believes in the positivity and the openness that the rainbow flag symbolises.

“We are delighted to launch the new Rainbow card design to mark 50 years of progress with LGBT rights, while supporting Stonewall which does such fantastic work to promote equality for the LGBT community.”

Will Byles, head of corporate partnerships at Stonewall, said: “Organisations have the power to effect change and at Stonewall, we believe that small acts can often have a remarkable impact.

“The rainbow card design is an amazing initiative that came out of Virgin Money’s LGBT network group, and a small but simple way Virgin Money customers can Come Out For LGBT while also supporting the work that we do here to improve the lives of LGBT people.”

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The total contribution Virgin Money will give to Stonewall is £100,000.