Charge Cards Vs Credit Cards

[Anonymous]

When I first started looking into the "credit mix" sector of the FICO pie a few years ago, I wrongly assumed that a charge card being different than a credit card would help contribute to a better mix.  The same way I thought that if someone already had a mortgage and an auto loan (say) that adding another loan type like a personal loan would positively contribute to "credit mix."  Anyway, adding a charge card will help someone build credit history through another account, but it won't help any more than another revolver would.

[Anonymous]

If you don’t mind me asking, what interests you about the Amex Green charge card? I’m always curious why people would get this card. To each their own, but paying a $95 annual fee for limited rewards seems a little odd to me.

If your not married to the idea of a charge card there are quite a few cards with no or comparable annual fees that offer much more rewards. The Gold/Platinum Charge Cards (though more expensive) offer a lot more value in my opinion as well. Just my 2 cents, you may have a perfectly logical reason for wanting the Green Card.

[The-Credit-Disciple]

no reason at all I just heard it was the easiest charge card to get but I  have decided to just stick with what works for me and that's regular Credit Cards. I have been grateful to be able to handle my current cards. Charge cards from what I have read, you need to be wise when using them. Plus I love cash back  Cards so I will stick with those. If its not broke im not going to try to fix it, no use trying to re-invent the wheel. it's already been established

[UncleB]

---

@The-Credit-Disciple wrote:

no reason at all I just heard it was the easiest charge card to get but I  have decided to just stick with what works for me and that's regular Credit Cards. I have been grateful to be able to handle my current cards. Charge cards from what I have read, you need to be wise when using them. Plus I love cash back  Cards so I will stick with those. If its not broke im not going to try to fix it, no use trying to re-invent the wheel. it's already been established

---

It sounds like you have a good plan. 

Also, for Amex charge cards the card color (Green, Gold, Platinum) determines your annual fee, rewards specifics, and 'perks' you get.  The various charge cards have similar (if not identical) underwriting; your spending ability is determined by your profile, not the color of the card.