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Charge Cards

Charge Card

A charge card is a credit card whose balance must be paid in full every month in order to continue making transactions. Charge cards are typically reserved for people with excellent credit, and while they tend to offer better rewards than a regular credit card, almost all have annual fees. If you’re comfortable with that, opening one of the following charge cards from our partners could be a great way to enjoy the convenience of paying with plastic without the temptation of incurring untenable debt. Just make sure to consider each card’s rewards structure in terms of your own spending habits in order to maximize savings.

    Rewards & Benefits Annual Fee
American Express ® Premier Rewards Gold Card Proceed american express premier rewards gold card
  • Earn 25,000 Membership Rewards® points after you use your new Card to make $2,000 in purchases in your first 3 months
  • New: 2X points at U.S. restaurants
  • Earn 3X points for flights booked with airlines, Earn 2X points at US supermarkets and US gas stations. Earn 1X points on other purchases. Terms and limitations apply
  • New: $100 Airline Fee Credit. Up to $100 a year for incidental fees with your selected airline
  • With The Hotel Collection, you can get up to a $75 hotel credit on qualifying charges any time you use your Card to book a stay of at least two consecutive nights
  • Terms and limitations apply
  • Basic: None 1st yr, $195 after
The Platinum Card® from American Express Proceed platinum card
  • Earn 40,000 points after you spend $3,000 on purchases on your new Card in your first 3 months.
  • Up to a $200 Airline Fee Credit Annually.
  • To receive the statement credit, you need to select a qualifying airline.
  • There are no foreign transaction fees with purchases made on your Platinum Card.
  • Platinum Card Concierge is your personal resource to help secure a last minute restaurant reservation, or shop for a hard-to-find gift.
  • Terms & restrictions apply
  • Basic: $450
  • Additional Cards:
    • $175 for up to 3 Cards; $175 for each after the first 3 Cards

Business Charge Cards

Business Charge Cards

Business charge cards are credit cards that require the balance to be paid in full every month and are only for small business owners with excellent credit. For businesses that heavily rely on credit cards for their expenses, business charge cards may offer more rewards and benefits than regular business credit cards.

    Rewards & Benefits Annual Fee
The Plum Card® from American Express Proceed plum card
  • Do Business on your terms: Get a 1.5% discount for paying early or up to 60 days to pay without interest, or both each month
  • LIMITED TIME OFFER ends 8/24/2015. Earn up to 3.5% back on your first $30,000 in purchases on the Card within the first 3 months of Card Membership
  • Here's how: Pay early and get 1.5% back with no cap. Plus, get an additional $200 statement credit for every $10,000 you spend on the Card, up to $600 back.That can be an extra 2%
  • The power to buy big with a spending limit that can grow with your business
  • Terms & Restrictions Apply.
  • Basic: $0 introductory annual fee your first year, then $250
  • Additional Cards:
    • No annual fee for Additional Cards.
The Business Green Rewards Card from American Express Proceed american express business green card
  • Get 5,000 Membership Rewards® points after your first purchase on the Card.
  • Earn double Membership Rewards® points for each dollar of eligible purchases made when you book on the American Express Travel website.
  • Earn one Membership Rewards® point for each dollar you spend on eligible purchases.
  • Use points toward gift cards, merchandise, entertainment, and more with over 500 merchants.
  • Terms & Limitations Apply.
  • Basic: None 1st yr, $95 after
  • Additional Cards:
    • No annual fee employee cards
The Enhanced Business Gold Rewards Card from American Express OPEN Proceed american express business gold
  • Get 25,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within the first 3 months of Card Membership
  • Now, Choose where you earn more: 3X points on one of the 5 categories below
  • Airfare purchased directly from airlines, US purchases for: advertising in select media, at gas stations, on shipping, & computer hardware, software, & cloud computing purchases made directly from select providers
  • 2X points on the 4 remaining categories and 1X points on other purchases
  • 3X and 2X apply to the first $100,000 in purchases in each of the 5 categories per year, 1X point per dollar thereafter
  • Redeem points for everyday business expenses, to help with travel costs or to reward employees and entertain clients.
  • Terms and limitations apply.
  • Basic: None 1st yr, $175 after
  • Additional Cards:
    • No annual membership fee for Additional Gold Cards for the first year; then, $50 for unlimited Additional Gold Cards
The Business Platinum Card® from American Express OPEN Proceed american express business platinum
  • Welcome Offer: Get 40,000 Membership Rewards® points after you spend $5,000 in purchases on the Card within your first 3 months of Card Membership
  • A Premium Card with access to over 40 benefits to help power your business
  • Get up to $200 in statement credits per calendar year on a selected airline for incidentals such as baggage fees, lounge day passes, and more
  • Complimentary access to over 700 airport lounges worldwide
  • Enjoy complimentary, unlimited Boingo Wi-Fi at more than 1,000,000 Boingo hotspots worldwide
  • Business Platinum Concierge is like your own assistant, ready to help you with just about anything personal or professional, 24 hours a day
  • Purchasing power that can adjust as your business evolves
  • Terms & Restrictions Apply
  • Basic: $450
  • Additional Cards:
    • Business Platinum Card: $300
      Business Gold Rewards Card: $45
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We work hard to present you with the most accurate charge card information, however, this information does not originate from us and thus, we do not guarantee the accuracy of the information.

Before you apply for a charge card we recommend that you review and verify the charge card terms and conditions on the charge card company’s web site. Please let us know if you find any differences.

Ad Disclosure: Certain offers originate from paying advertisers, and this will be noted on a card's details page using the designation "Sponsored Card", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At CardHub we try to list as many credit card offers as possible and currently have more than 1,200 offers, but we do not make any representation of listing all available offers.

Ask our Experts
EXPERT’S ANSWERS

Charge card vs. credit card. What's the difference?

By: Odysseas Papadimitriou, CardHub CEOThe only difference between a charge card and a credit card is that with a charge card you must pay for your purchases in full each month. You cannot simply pay a certain portion of your balance (a minimum payment) each month and stay current on your account and retain charging privileges. If you do not pay your balance in full by the designated date, you will be charged late fees (as high as 3% of your delinquent balance) and will be restricted from making purchases until you fully repay your debt. While many charge card offers have No Preset Spending Limit, this feature is not universal amongst charge cards, nor is it unique to them. Some charge card offers have clearly defined spending limits and some credit card offers have No Preset Spending Limits. Information about payment for both charge cards and credit cards is reported to the major credit bureaus, meaning both will allow you to build credit history.

Should I use a charge card or a debit card?

By: Odysseas Papadimitriou, CardHub CEOThere are benefits to using both charge cards and debit cards. Charge cards allow you to build credit history and do not require immediate payment for purchases, which provides both flexibility and added protection from fraud. You must simply pay your balance in full at the end of each month in order to retain purchasing privileges and avoid late fees. Additionally, charge card accounts provide far more lucrative perks and rewards than do debit cards. The only benefit that a debit card has over a charge card is that it makes it impossible to spend more than you can afford. Therefore, you should only use a debit card if you seek this type of inherent discipline.

Are there any charge cards for bad credit?

By: Odysseas Papadimitriou, CardHub CEONo. Unfortunately, if you have bad credit, your credit card options are limited and at the present time there are no charge cards for people with bad credit.

Do retail stores offer their own charge cards?

By: Odysseas Papadimitriou, CardHub CEOMany people refer to store cards as charge cards, making talk of a Sears charge card, a Walmart charge card, a Kohl's charge card or a Disney charge card quite common. However, in most cases store cards are credit cards, not charge cards, and they do not require that you pay your balance in full each month. A good rule of thumb to remember is that if it has an interest rate, it's not a charge card.

What is a charge card and why use one?

By: Odysseas Papadimitriou, CardHub CEOA charge card is a credit card that requires the balance to be paid in full every month. Many people use charge cards because they force more disciplined spending than credit cards. Because charge cards require payment in full each month, consumers cannot adopt an "I'll pay for it later" type of approach and continue to amass more and more debt. If they do not pay their balances in full by a specific time (usually within 25 days of the bills arrival) they cannot make any more purchases. Additionally, many people enjoy the rewards and exclusivity garnered from charge cards. Users often earn points on their purchases and receive other perks like concierge service and discounted tickets to concerts and sporting events.

How to pick the best charge card?

By: Odysseas Papadimitriou, CardHub CEOThe two most important factors to consider when selecting a charge card are the rewards and the annual fee. In addition to earning points on your spending, some charge cards offer relatively extensive additional benefits such as a 24/7 concierge service, discounted tickets to concerts and sporting events, and airline and hotel perks. However, the more rewards a card provides, the higher its annual fee will likely be. So before applying for any charge card consider whether you will truly make use of its additional benefits. If you expect to only take advantage of the points earned on purchases, concentrate on finding the charge card with the lowest annual fee.

What does No Preset Spending Limit (NPSL) mean?

By: Odysseas Papadimitriou, CardHub CEOA charge card with No Preset Spending Limit is one that does not have a pre-determined credit line. This does not mean that consumers will be able to spend limitlessly with No Preset Spending Limit credit cards and charge cards though. An issuer uses various factors including your income, credit score, payment history and spending patterns in order to determine how much money you can spend in a given month. This amount may change from month-to-month and you may not be able to find out what it is.
COMMUNITY DISCUSSION
 

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