Credit cards give you the ability to place a large charge on credit, which allows you to pay it off over a period of time, giving you the ability to make minimum payments; not without charging you interest though, usually around 10-15%. On the other end of the card spectrum are charge cards. A charge card works differently than credit cards. When you make a purchase on a charge card, such as Gold and Platinum American Express, you have to pay off the entire balance on a monthly basis. Charge cards protect you from overcharging your credit line, which is a smarter financial move in regards to your credit score.
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