topic Re: Amex Charge Cards and Revovler cards. What is the difference? in Credit Cards

Amex Charge Cards and Revovler cards. What is the difference?

JMills — Thu, 05 Sep 2013 03:55:11 GMT

I have been reading on this forumn about charge cards and revolver cards for AMex? What is the difference between the two. If you can, can I have a list of Charge Cards and and a list of Revolver cards. Thanks in advance

Re: Amex Charge Cards and Revovler cards. What is the difference?

Creditaddict — Thu, 05 Sep 2013 04:01:48 GMT

@JMills wrote:
I have been reading on this forumn about charge cards and revolver cards for AMex? What is the difference between the two. If you can, can I have a list of Charge Cards and and a list of Revolver cards. Thanks in advance

Charge card you pay in full each month with no interest

Credit Cards you "can" revolve the balance month to month with minimum payments if you wish.

If you go to Americanexpress.com you can look at "ALL" Personal cards and it will show you charge and credit.

Re: Amex Charge Cards and Revovler cards. What is the difference?

CreditScholar — Thu, 05 Sep 2013 04:03:46 GMT

@JMills wrote:
I have been reading on this forumn about charge cards and revolver cards for AMex? What is the difference between the two. If you can, can I have a list of Charge Cards and and a list of Revolver cards. Thanks in advance

Charge cards use the MR rewards system and require you to PIF each month. It's called No Preset Spending Limit (NPSL), so what you're allowed to charge will change as their computers get to know your spending habits/patterns.

Revolvers are essentially like other credit cards. There is a set limit or CL, and you can charge up to that amount. You don't need to PIF every month (although you should), and whatever balance isn't paid off that month revolve into the next month (with interest). Revolvers have varying rewards programs. Some offer cash, others MR, while others still offer points or miles in specific loyalty programs.

Charge cards: Green, Gold, PRG, Plat, Cent

Revolvers: BCE/BCP, SPG, MB, Delta Gold/Plat/Reserve, Hilton, Hilton Surpass, etc.

Re: Amex Charge Cards and Revovler cards. What is the difference?

FinStar — Thu, 05 Sep 2013 04:04:05 GMT

@Creditaddict wrote:
@JMills wrote:
I have been reading on this forumn about charge cards and revolver cards for AMex? What is the difference between the two. If you can, can I have a list of Charge Cards and and a list of Revolver cards. Thanks in advance
Charge card you pay in full each month with no interest
Credit Cards you "can" revolve the balance month to month with minimum payments if you wish.

If you go to Americanexpress.com you can look at "ALL" Personal cards and it will show you charge and credit.

And an array of Business Cards as well.

Re: Amex Charge Cards and Revovler cards. What is the difference?

djc1puno — Thu, 05 Sep 2013 04:05:12 GMT

@Creditaddict wrote:
@JMills wrote:
I have been reading on this forumn about charge cards and revolver cards for AMex? What is the difference between the two. If you can, can I have a list of Charge Cards and and a list of Revolver cards. Thanks in advance
Charge card you pay in full each month with no interest
Credit Cards you "can" revolve the balance month to month with minimum payments if you wish.

If you go to Americanexpress.com you can look at "ALL" Personal cards and it will show you charge and credit.

Re: Amex Charge Cards and Revovler cards. What is the difference?

JMills — Thu, 05 Sep 2013 04:24:22 GMT

Ok Thank You so Much, what does +1 mean? you agree to what the person said?

Re: Amex Charge Cards and Revovler cards. What is the difference?

FinStar — Thu, 05 Sep 2013 04:42:13 GMT

@JMills wrote:
Ok Thank You so Much, what does +1 mean? you agree to what the person said?

Correct.