====== Charge Card ======
[[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]]

A **Charge Card** is a type of electronic payment card that charges no interest but requires that you pay the statement balance in full, usually monthly. Charge cards are offered by a limited number of issuers. They have an uncapped spending limit with generous reward benefits for the cardholder, but typically charge a high annual fee.

  * Charge Cards do not have a spending limit or charge interest.
  * Charge Cardholders must pay the balance in full, typically monthly.
  * If you don’t, you’ll pay stiff fees and penalties on unpaid balances.
  * Charge Cards typically come with generous perks and awards, but charge high annual fees.
  * Charge Cards in their truest form have become increasingly rare

Source: [[https://www.investopedia.com/terms/c/chargecard.asp ]]


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