- Charge Cards:
Although used in much the same way these cards are not credit cards as the holder has to pay the whole balance outstanding when they receive their statement each month. There are no general pre-set spending limits with charge cards. These may be set for the individual cardholder based on their known financial resources and account maintenance history. Like credit cards, charge cards do include a variety of user incentives including links to frequent flyer programmes, rewards programmes and redeemable points. Compare the charge card offers featured before choosing the one that suits your lifestyle. It is important to note charge cards are only available to those with good credit and acceptance is at the card issuer’s discretion.