[header] How to manage your credit cards [title] Differentiate between charge and credit cards. [step] Credit cards and charge cards both allow you to charge purchases to the card and pay for it later. However, this is where their similarities end.
[header] How to manage your credit cards [title] Differentiate between charge and credit cards. [step] Credit cards and charge cards both allow you to charge purchases to the card and pay for it later. However, this is where their similarities end.
Charge cards require you to charge more than once. Call or visit your bank, credit union, or credit card company and inquire about charge rates. When one will likely charge money into one account for the other, while the other will just pay for one item that isn't outstanding, one card can charge a bit more than the other to make the price go up. So if you want to charge money for a convenience card, then you will need to check if the charges are regular or all-or-nothing. Where credit cards allow you a certain credit limit, charge cards have no set limit. Credit cards allow you to carry a balance between months and pay interest on that balance, but charge cards require that the month's charges be repaid in full at the end of each month. You don't need to be a resident of the united states to charge your credit card. [substeps] Credit cards charge primarily for purchases like utilities and office supplies, while charged for major purchases such as groceries.