Q: What's the difference between a charge card and a credit card, and which is better?
A credit card, on the other hand, is revolving credit on which you make payments. There is an interest charge if the balance is not paid off in full each month. That is chiefly what differentiates it from a charge card. You can carry a balance with a credit card: you cannot carry a balance with a charge card.
Your question also asked about which is better. That is determined by how the card will be used. If it is for a long-term extension of credit on a large purchase, then a credit card is better.
There is one final point. A charge card is usually for a selected store or industry. A credit card is a bit more universal. However, American Express offers several charge cards.
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