Recent Posts
Recent Comments
Most Commented On
Archives
Blog
Link This | Email this | Blog This | Comments (3)
Credit Cards VERSUS Charge CardsMay 21, 2008We all know about credit cards. Almost everyone has at least one—and other’s a wallet full of those plastic things. We also like to call them charge cards, but there are significant differences between charge cards and credit cards. A charge card is a specific kind of credit card. The balance on a charge card account is payable in full when the statement is received and cannot be rolled over from one billing to the next. Because you cannot carry a balance, a charge card doesn’t have a periodic or annual percentage rate. The use of a charge or credit card allows the cardholder to increase their credit rating and get better interest rates on future loans. But if you’re prone to being behind with payments, a charge card might be a better way to limit your spending. Since you’ll have to pay it all back each month, you won’t have to worry about having a balance that continues to accrue interest, even when you’re not spending. But if you like the flexibility of not having to pay off balances each month, then a credit card is the better option. Posted by Shanu Singh Guliani on May 21, 2008 | Comments (3)
July 30, 2008
In response to: Credit Cards VERSUS Charge Cards julie commented: Can a charge card also help build credit history and improve credit score?
August 1, 2008
In response to: Credit Cards VERSUS Charge Cards Shanu S. Guliani commented: yes
March 9, 2010
In response to: Credit Cards VERSUS Charge Cards Small Business commented: I recently came across your post and have been reading along. I thought I would leave my first comment. I don't know what to say except that it caught my interest and you've provided informative points. I will visit this blog often.
Advertisement
|
Advertisements
|
SPONSORED LINKS |
|