charge card

A charge card is a type of payment card that allows you to make purchases now and pay them off in full later, typically within a specified billing period. Unlike a credit card, it usually requires you to settle the entire balance each month and does not carry a revolving credit limit. Charge cards often come with higher spending limits and additional benefits, but they also generally have no preset limit and may charge annual fees. They are suitable for individuals who prefer to pay in full regularly and want to manage their expenses responsibly while enjoying the convenience of card payments.