What is the Difference Between Credit Cards & Charge Cards? Diners Club, AMEX

Discussion in 'General Credit Card Discussion' started by skywalka, Aug 21, 2006.

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  1. skywalka

    skywalka Junior Member

    Jul 13, 2006
    Hi guys.

    I've heard American Express is not a credit card but a charge card. What is the difference between these types of cards?

    Excluding specific reward schemes, what are the advantages of American Express & Diners Club over credit cards?

    Thanx 4 looking.

  2. NM


    Aug 27, 2004
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    American Express offer both Charge Cards and Credit Cards. They each have different benefits and you can read about the different card benefits at their web site.

    A Charge Card must have the statement total amount paid in full by the statement due date. There is no option to carry part of the payment over until the next month. If not paid in full, you will receive a very large fee for failing to pay.

    A Credit Card allows a minimum monthly payment amount to be made and interest is charged on any unpaid component.
  3. skywalka

    skywalka Junior Member

    Jul 13, 2006
    Thanx for your help.

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