bank rates credit cards insurance finance calculators

What is Charge Card?

Charge Card

A consumer financing tool that acts like a credit card without the interest rate. In return,the borrower should pay the debt upon the receipt of the statement. A charge card has a much higher spending limit than a credit card. However, stringent penalties will apply for any unpaid balance and charge card transactions may require additional fee. Users cannot carry a balance in their charge card from one month to the next.

Comments (1)
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
One Existing Comment

Trackbacks