charge cards

Charge cards are payment cards that require you to settle your balance in full each billing cycle, rather than carrying a balance like a credit card. They often come with higher credit limits and premium features, and typically have no interest charges because the balance must be paid in full monthly. Use them for purchases to improve spending control and build credit history, but be aware that missing a payment can lead to fees or account suspension. They usually come with annual fees and may require good or excellent credit for approval.