Charge, Credit, Debit—What’s The Diff?

  
Charge cards are different from your debit card because you are using borrowed money rather than your own. One benefit of a charge card is that you won’t carry debt each month. Charge cards also tend to have better rewards programs. However, if you don’t pay on time, you’ll face late fees and penalties. Know that if you’re interested in applying for a charge card, you’ll need to have good to excellent credit.