What is a Charge Card?

A charge card is similar to a credit card, but there is no revolving credit, and the monthly bill amount must be repaid in full. Debit cards are usually much higher than credit cards, and their annual fees and card issuing standards are also higher than credit cards.

Charge card

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A charge card is similar to a credit card, but there is no revolving credit, and the monthly bill amount must be repaid in full. Debit cards are usually much higher than credit cards, and their annual fees and card issuing standards are also higher than credit cards.

Strictly speaking, debit cards are not bank cards. Because debit cards are generally issued by non-bank financial institutions, such as American Express Travel Related Services or Diners Club.