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.
- Are Discover Card credit cards any good?
- Is a credit score of 725 considered good?
- Which bank offers the best debit card?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?