Re: Anyone else have their American Express card closed?
03-12-2012 08:59 AM
That makes since now... I've never heard of "Charge Card", other than some old fashioners calling credit cards "charge cards". I looked it up, and its like a revolving line of credit.
I'm still learning.. just a little late.
It's actually not a revolving line of credit b/c you can't carry over a balance from month to month. Credit cards allow you to do that (and pay some hefty interest charges in the process) but with charge cards you must pay your balance in full every month.
The Amex charge cards are Zync (white), Green, Gold, PR Gold, Platinum, and Centurion (black).
I think Diner's Club used to offer a charge card (maybe they still do) but most banks these days are exclusively credit card issuers.
Yes, Diners Club has CL, but you have to pay in full at the end of the month.