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 cards are different from your debit card because you are using borrowed money rather than your own.
The charge card holders will have a dedicated telephone line to provide travel and tourism services 24/7.
The agreement allows Kanoo to participate in various exclusive promotions extended to Al Salam's customers and charge card holders which include special pricing on selected holiday packages, value additions promotions and discounts on room bookings in selected hotels and travel related services.
Strategic sourcing is analyzing how the government spends its appropriations and ensures that agencies achieve discounts on its commonly purchased goods and services and that all discounts to charge cards are properly applied.
He added that charge cards carry inherent risks however, and recent audits revealed fraud, misuse and abuse.
In the Fair Credit and Charge Card Disclosure Act of 1988, the Congress directed the Federal Reserve Board to transmit annually to the Congress a report about the profitability of credit card operations of depository institutions, a copy of which is attached to my testimony.
But a national daytime call costs 20p a minute on a charge card, compared to 14p from a telephone box and a mere 7.
Considerations of control, flexibility and federal income tax documentation are such that T&E purchases are generally made using other specifically designated charge cards.
Second, all charge cards are generic for identification purposes, except the American Express card.
Benefits also include - Providing charge cards,- The administration of these cards,- Payment of highway tolls and parking access fee,- Other services (washing, lubricants)