Credit Cards vs Charge Cards: What Are the Differences?

If you pit credit cards vs charge cards, you’ll find that although they're similar in some ways, they have a few key differences.

Woman taking a credit card out of a wallet.
(Image credit: Getty Images)

When comparing credit cards vs. charge cards, you'll notice a few key differences. The most notable distinction is that when using a charge card, you won't be able to carry a monthly balance like you would when using a credit card. Instead, charges must be paid off month to month. Both rewards credit cards and charge cards can potentially bring value to you as a consumer, depending on your financial goals and needs.

Keep reading to learn more about the differences between credit and charge cards, and decide which is right for you. 

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.