Money

What Is a Charge Card? Pros, Cons, and Alternatives

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A charge card is one of the many forms of plastic you can carry in your wallet (or the virtual plastic you can keep in your digital wallet app). It looks, feels, smells and tastes a lot like a credit card, but there are some key differences between the two.

Here’s everything you need to know about charge cards, how they work, how they’re different from credit cards and why you’d want one (or not).

What Is a Charge Card?

A charge card is a payment method that resembles a credit card but has no preset spending limit and

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