Charge cards are a type of credit card that requires cardholders to pay their outstanding balances in full each month, rather than carrying a balance from month to month like with traditional credit cards. Charge cards typically do not have pre-set spending limits and can be used to make purchases anywhere that accepts the card. However, because charge cards do not allow cardholders to carry a balance from month to month, they are not suitable for individuals who are unable to pay their outstanding balances in full each month.

Charge Cards

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