What is the Difference Between a Charge Card and a Credit Card?

The primary difference is that typical charge cards do not provide credit. Instead they require you to pay off the entire balance each month.  With credit cards, you can pay down your purchases over months (or years). You will be charged interest for not paying the full balance by the payment due date. Charge cards… continue reading.

Do I Need to Have a Credit Card to Improve My Score?

If you do not have a credit card you may wonder is it important for your credit score that you get one. The fact is, that employing a credit card in your financial life directly impacts the most critical factors that make up your personal credit score. This includes a timely payment history (35 percent… continue reading.