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  1. Dictionary
    Charge card
    /ˈCHärj ˌkärd/

    noun

    • 1. a credit card for use with an account that must be paid when a statement is issued.

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  3. Oct 21, 2021 · Updated October 21, 2021. Reviewed by. Toby Walters. What Is a Charge Card? A charge card is a type of electronic payment card that charges no interest but requires that...

    • Julia Kagan
  4. en.wikipedia.org › wiki › Charge_cardCharge card - Wikipedia

    A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obligated to repay the debt to the card issuer in full by the due date, usually on a monthly basis, or be subject to late fees and restrictions on further card use.

  5. Jul 19, 2021 · The defining difference between credit cards and charge cards lies in your ability to carry a balancethat is, roll debt over from one month to the next....

  6. May 3, 2024 · A charge card is defined by Investopedia as a card that charges no interest but requires the user to pay his/her balance in full upon receipt of the statement. You typically need a good-to-excellent credit rating to obtain a charge card, and using it responsibly can help burnish your credit history.

  7. Jan 24, 2024 · Get started. How does a charge card work? A charge card is a method of payment that typically has no preset spending limit. If it does have a spending limit, the limit may be based on things like the cardholder’s payment history and purchase habits.

  8. Apr 4, 2023 · A charge card is a payment card for business owners to make purchases and pay for them later, but unlike a credit card you must clear the balance every month - or over slightly longer periods with some cards.

  9. charge card. noun [ C ] uk / ˈtʃɑːdʒ ˌkɑːd / us / ˈtʃɑːrdʒ ˌkɑːrd / Add to word list. a small, plastic card that you get from a particular shop and use to buy goods from it that you can pay for later. Synonym. plastic. Compare. credit card. SMART Vocabulary: related words and phrases. Payment methods. anti-kickback. ATM card. automatic withdrawal.

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