Charge cards vs. credit cards: What are the differences?
You can carry a balance on a credit card, but not with a charge card.
Growing up in the DC Metropolitan area, I was interested in the world of finance at a young age. As I’ve grown older and made more connections, it’s become apparent that the need-to-knows of personal finance aren’t taught widely enough. I want to help not only my peers, but everyone in need of financial aid by spreading the basics of saving, budgeting and understanding credit cards as a route to becoming knowledgeable on how to handle your money.
— Joey Robinson
Upon graduating with a bachelor’s degree concentrated in finance, Joey worked at a “Big Four” (Ernst & Young) accounting firm before exploring the world of credit cards. After learning proper professional and financial practices through federal audits, he moved on to his second job, where he was introduced to Bankrate as a data analyst.
As time passed, his interests drifted away from data analysis and into the communication of credit card essentials. Over the past two years, he’s shared his expertise and has brought understanding to complex topics as a writer and editor for sites like Bankrate, CreditCards.com and NextAdvisor. He is a credit cards contributor for Bankrate and his financial tips, advice on avoiding common credit card fees and top balance transfer tactics have been featured on MSN Money and other publications.
CreditCards.com
NextAdvisor
MSN Money
Growing up in the DC Metropolitan area, I was interested in the world of finance at a young age. As I’ve grown older and made more connections, it’s become apparent that the need-to-knows of personal finance aren’t taught widely enough. I want to help not only my peers, but everyone in need of financial aid by spreading the basics of saving, budgeting and understanding credit cards as a route to becoming knowledgeable on how to handle your money.
— Joey Robinson
You can carry a balance on a credit card, but not with a charge card.
Airline companion passes vary, but they can all save you money.
Depending on why it’s low, it can take months or even years to raise your credit score.
A charge card doesn’t have a preset limit, but requires an excellent credit score and must be paid in full each month.
The best credit card perks of 2024 go well beyond points, miles and cash back.
Closing a credit card may not be a smart move. Here’s what to consider before canceling an unused card.
Which credit card fees can you deduct for tax purposes?