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Charge Card
A Charge Card is your not-so-flexible friend! A Charge Card may look like a creditcard feel like a credit card and you can spend money with it like a credit card. But unlike a credit card the day of reckoning comes each month.
Charge card accounts insist that you must settle the debt in full each month. Most charge card operators will operate penalty interest charges which are significantly higher than credit card interest rates for failure to pay.
See cash card , charge card , credit card , debit card and smart card.
Latest card rates can be found here.
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2009-02-17 00:00:00 © Moneyextra.com
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