Jon Farswater, Member
Yes, the Amex Gold card is a charge card. The most important difference between a charge card and a traditional credit card is that while the former doesn't allow you to carry a balance between months, the latter does. Both will let you buy now and pay later, but with a charge card you have to pay what you owe in full, by the end of each month.
It's important to note that a charge card is in fact a credit card, just a unique one. Usually, it comes with no pre-set spending limit, which means that its credit limit can vary monthly based on the cardholder's spending habits. That's available for the Amex Gold card as well.
There are a few things you should know about the Amex Gold card:
The Amex Gold card differs from some charge cards, though. It has a Pay Over Time feature, which allows you to carry certain approved balances from month to month, over an approved timeframe. These balances will be subject to a set fee and an interest rate which depends on the cardholder's overall credit situation.
The Amex Gold card may also offer cardholders the Plan It feature, which allows them to create a payment plan for qualifying purchases, or a qualifying amount, in exchange for a fixed plan fee.
American Express® Gold Card
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