What Is the Difference Between a Credit Card and a Charge

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The Answer is A credit card, such as Visa or a MasterCard, has a spending limit based on the user's credit history.A user can pay off the entire credit card balance or pay a minimum amount each billing period.Credit card issuers charge interest on any unpaid balance.A charge card, offered by companies such as American Express, carries no spending limit, and the entire amount charged to the card is due at the end of the billing period.Charge cards do not involve lines of credit and do not accumulate interest charges.

What Is the Difference Between a Credit Card and a Charge

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