Best Charge Cards

A charge card is a type of credit card that requires the cardholder to pay off most, if not all, of their purchases by the due date every month. Many people use charge cards because they force more disciplined spending than other credit cards.

Because charge cards generally require payment in full each month, consumers cannot adopt an "I'll pay for it later" type of approach and continue to amass more and more debt. If they do not pay their balances in full by a specific time (usually within 25 days of the bill’s arrival) they may not be able to make any more purchases.

Additionally, many people enjoy the rewards and exclusivity garnered from charge cards. Users often earn points on their purchases and receive other perks like concierge service and discounted tickets to concerts and sporting events.

The main difference between a credit card and a charge card is that charge cards don’t allow you to carry a balance from one month to the next, while credit cards do. Both types of cards allow you to buy now and pay later, but charge cards require that payment to be for the full amount you owe at the end of the billing cycle. Traditional credit cards require you to pay just a portion of your...

No, there aren’t any charge cards for bad credit. Most of these cards require at least good credit for approval. So, it’s better to wait until your credit score has improved before submitting an application for a charge card.

Alternative Credit Card Option:

If you have bad credit, it would be best to apply for a secured credit card. Secured cards require security deposits, but they have the highest approval odds of all credit...

There aren’t any retailers that offer store charge cards. Many people refer to store cards as charge cards. It’s common to hear reference to a Walmart charge card, a Kohl's charge card or a Target charge card as a result. But store cards are credit cards on which you can carry a balance from month to month, not charge cards whose balance must be paid in full each month. A good rule of thumb to remember...

There are benefits to using both charge cards and debit cards. Charge cards allow you to build credit history and do not require immediate payment for purchases, which provides both flexibility and added protection from fraud. You must simply pay your balance in full at the end of each month in order to retain purchasing privileges and avoid late fees.

Additionally, charge card accounts provide far more lucrative perks and rewards than do debit...

The two most important factors to consider when selecting a charge card are the rewards and the annual fee.

In addition to earning points on your spending, some charge cards offer relatively extensive additional benefits such as a 24/7 concierge service, discounted tickets to concerts and sporting events, and airline and hotel perks. However, the more rewards a card provides, the higher its annual fee will likely be.

So before applying for any...

Yes, there is a charge card on the Visa network, the Ink Business Premier. This card is a great option for business owners as it offers $1,000 for spending $10,000 in the first 3 months. Plus you can earn 2 - 5% cash back. The card’s annual fee is $195. 

A charge card is a special type of credit card where you must pay the balance in full each month. But besides the Ink Business Premier card, all the cards on the Visa network are regular credit cards that require only...