What's the difference between a charge card and a credit card?
Well, with a charge card you generally have no fixed
spending/credit limit, but you do have to pay off the full amount
each month. If you don't the interest rates are punitive.
Charge cards are particularly useful if you travel a lot because
they are generally accepted in hotels and airports and may also have
some additional benefits for travellers (Diner's Club for instance
gives you access to some airport business lounges). And of
course, if you are overseas, it may not be possible for a shop or
restaurant to call up your card issuer to check credit limits etc.
Charge Cards don't offer balance transfers but most do have
loyalty schemes where you can earn points for travel, wine and
luxury goods. And again, if you use a charge card for your
business expenses, you will benefit from getting some great free
gifts!
So, if you are looking for a charge card in the UK, why not click
on any of the links on the left hand side and see what offers there
are for you?
American Express have a great range of credit cards and charge cards. They have some great comparison tables so you can look at the benefits of taking out a charge card versus a credit card. If you are unsure whether you need a charge card or could benefit from having one in your wallet, why not check out the American Express Charge Card benefits by clicking on the banner above
