What is a personal charge card?

A personal charge card is pretty similar to a credit card with one major difference. With a charge card you have to pay the entire dues within the credit period and cannot carry over any balances like a credit card. It gives you credit. The days of credit one gets could range from 20 – 50 days depending on the date when one made the purchase. Besides this, it entitles the member to plethora of benefits like travel discounts, discount on retail loans.

 The personal charge card is designed for people who wish to settle outstanding bills in full on or before the payment due date. The card is ideal for those who maintain good credit balance on their card and want to benefit from the reward program.

 This card is popular among frequent business travelers and affluent individuals and dominates the global travel segment in many countries. Card issuers provide card members with innovative programs from free credit period to free access to airport lounges to free insurance coverage. Cash is always riskier to carry, besides the limit to the amount you can carry in your wallet. That’s where charge cards come handy. Not only can you spend upto your given credit limit without having to worry about carrying cash, nowadays you can also issue checks against your card limit and order drafts over the phone. The cards entitle you to other benefit like discount at shops, restaurants and airline tickets. Most cards also offer personal accident cover, lost baggage cover, etc. You get interest free money from 20 to 50 days. A global card assures you of spending in any currency and settling your dues in your home currency.[tags]personal charge card[/tags]