Charge Card
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Charge Card

A revolving line of credit with no interest rate that requires the holder to repay the entire balance each month. That is, a charge card allows one to borrow without limit or interest so long as it is repaid in full by the due date. The charge card company makes a profit through annual fees and large late fees on card holders who do not repay their balances. In essence, however, a charge card operates much like a credit card. American Express and Diner's Club are two prominent charge card companies.

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Charge Card (redirected from charge cards)

Charge Card
(redirected from charge cards)