Glossary: Charge card

Much like credit cards, charge cards allow you to pay for goods and services but with a charge card you must pay off your balance in full at the end of the month. They tend to be issued to high-net-worth individuals, charge an annual fee and have a reward programme for holders. They are not, however, universally accepted as credit cards.

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Last updated: Aug 2nd, 2011
Relevant to: Credit cards