what does it mean by a charge card? how different is it from a revolver?
The balance on a charge card must be paid in full every month; on a revolver, you must pay at least a minimum amount each month, but you can carry a balance over from one month to the next.
Oh ok Thx. so I dont see any advantage of a charge card. right?
The balance that is reported to the CRAs on a charge card is not factored into your utilization percentage so it will help to keep your scores up a bit. You still have a month to pay the charge card off after your statement cuts.
I know this is an old thread but does it mean anything if amex tells you in the denial letter that you are welcome to apply for one of their other cards or is that standard? A friend of mine applied for a revolver from Amex and was denied. I don't know his specific credit profile details but in the denial letter it said he was welcome to apply for one of their other cards but just to wait 30 days before he does. I reccomended Amex green if he wants an Amex because from everything I've read here it seems like that one is believed to be the "easiest" to get.
I really like your layout of your signature, how did you manage to do that? Is it something that I can copy/paste somewhere? Thanks.
Just got declined for the Green card, AMEX hates me.