What's the difference between credit card and charge card?

3 answers

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ANSWER #1 of 3

Hi,

No difference. They mean the same thing...charge card is more colloquial (kind of 'slang' in America).


ANSWER #2 of 3

Yep... same thing...

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ANSWER #3 of 3

Traditionally, a credit card is revolving credit, meaning your minimum payment is less than your balance and you pay interest on the balance you don't pay. A charge card you pay off the ballance every month. This is an old school definition and nowadays the two terms are used for each other often.

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