What's the difference between a Credit Card and a Charge Card?

Charge and Credit Cards have similar features, but they each work in different ways.

With a Charge Card, you have no pre-set spending limit, which means the buying power you have access to can adjust with your use of the Card. You are required to pay your Charge Card balance in full every month.

A Credit Card gives you a set credit limit, so you know how much you can spend each month. With a Credit Card, you are not required to pay your balance in full every month; you can carry your balance from one billing cycle to the next, though a minimum payment is required each billing cycle. Any unpaid balance at the end of a billing period will incur interest charges.