Definitions for charge card
charge card

Princeton's WordNetRate this definition:0.0 / 0 votes

1. credit card, charge card, charge plate, plasticnoun

   a card (usually plastic) that assures a seller that the person using it has a satisfactory credit rating and that the issuer will see to it that the seller receives payment for the merchandise delivered

   "do you take plastic?"

WikipediaRate this definition:0.0 / 0 votes

1. Charge card

   A charge card is a type of credit card that enables the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obligated to repay the debt to the card issuer in full by the due date, usually on a monthly basis, or be subject to late fees and restrictions on further card use. Charge cards are distinct from credit cards in that credit cards are revolving credit instruments that do not need to be paid in full every month and a balance may be carried over, on which interest is paid. Charge cards are typically issued without spending limits, whereas credit cards usually have a specified credit limit that the cardholder may not exceed. Most charge cards are held by businesses, corporations or executives thereof, and are issued to customers with excellent or a good credit score.

ChatGPTRate this definition:0.0 / 0 votes

1. charge card

   A charge card is a type of credit card that requires the cardholder to pay the full balance shown on their monthly statement, hence not providing the option for revolving credit. Unlike standard credit cards that have specified credit limits, charge cards typically have no preset limits. They may also lack a finance charge or minimum payment as the balance is to be paid in full. However, failure to pay the balance typically results in severe penalties such as late fees, card cancellation, or a decrease in your credit score.

FreebaseRate this definition:0.0 / 0 votes

1. Charge card

   A charge card is a card that provides a payment method enabling the cardholder to make purchases which are paid for by the card issuer, to whom the cardholder becomes indebted. The cardholder is obligated to repay the debt to the card issuer in full by the due date, usually on a monthly basis, or be subject to late fees and restrictions on further card use. Though the terms charge card and credit card are sometimes used interchangeably, they are distinct protocols of financial transactions. Credit cards are revolving credit instruments that do not need to be paid in full every month. There is no late fee payable so long as the minimum payment is made at specified intervals. The balance of the account accrues interest, which may be backdated to the date of initial purchase. Charge cards are typically issued without spending limits, whereas credit cards usually have a specified credit limit that the cardholder may not exceed. Though originally charge account identification was paper-based, in 1959 American Express became the first charge card operator to issue embossed plastic cards to ISO/IEC 7810 ID-1 standard. Cards have an embossed bank card number complying with the ISO/IEC 7812 numbering standard.

Matched Categories

1. • Open-end Credit
   • Positive Identification

How to pronounce charge card?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say charge card in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of charge card in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of charge card in Pythagorean Numerology is: 5

Examples of charge card in a Sentence

1. Julian Kheel:

   Before this revamp, the Amex Green didn't offer much beyond an entry point into the Amex charge card ecosystem, with weak earning rates and few benefits, but American Express said.The changes make the card significantly more competitive instead of just a low-end placeholder.