Credit Cards VS Charge Cards: Pros and cons

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What is the difference between a charge card and a credit card?
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Опубликовано:

21 авг 2018

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Комментарии : 349

@englee2006 5 лет назад

Thanks for doing this video man. Appreciate it. A lot of people still didn’t know the difference.

@itolokz 5 лет назад

Charge cards because you’ll be more discipline in paying off the whole amount at the end of month.

@dsanti4069 5 лет назад

your story about the friend who bought the "Gold Bars" sounds like someone was doing a little manufacturing spend ;). He probably sold it back for the same amount paid and gained all those points.

@jboyette47 5 лет назад

I’ve looked around and nobody has done a video on ideal setups for people that put company expenses on their personal cards and get reimbursed. It’s been a fantastic way for me to gain points this year outside of just airline and hotel programs

@milhascomruan491 5 лет назад

Awesome! I am from Brazil, I found that funny when he said APR is too high, because we pay monthly here what you pay annually there in case you dont pay in full.

@realkewlmann Год назад

Love the video! Lots of information and general financial advice.

@ljpolo14 4 года назад

Jesus christ. Lol kinda blew my mind about the charge card difference its so good.

@DattKiddFromSTLouis 5 лет назад

Lots of information, thank you! Considering downgrading my delta silver before I have to pay another annual fee. The Amex platinum can cover the checked bags. Plus, you're right, charge cards have definitely encouraged better spending habits for me.

@mdrealtorchic

Capital One now has a charge card and this was the most helpful video in understanding it. Thank you!

@tamirajohnellestyle

The credit utilization regarding the charge card was very helpful. Thank you!

@toothybj 3 года назад

I have 2 store cards - Guitar Center and Lowe’s Advantage (both handled by Synchrony Bank) that show up on my credit report as “charge cards”, yet i’ve definitely carried a balance over in the past, though not currently.

@Bad4Good2 5 лет назад

My thoughts are to use the charge cards as cash so you can get points for regular cash purchases and then the every day card as an actual credit card.

@chuckwalker1899 5 лет назад

GREATEST CHANNEL

@williamhadley1096 5 лет назад

Very informative comparison of credit cards and charge cards.

@RobertJohnson-je6tx 5 лет назад

Oh, BTW really like your videos. Very helpful.

@matiluko_king1381 5 лет назад

Very informative. Thank u.

@AndyinMTL 5 лет назад

Great and very informative video! Thx

@neiritanuki2072 5 лет назад

The equation is probably wrong because my monthly spend is about $3,000 and my amex limit is well over $30,000.

@HollywoodF1 4 года назад

On my AMEX green, 5 years ago, I tested the limit on their website. The most I'd ever paid on a monthly bill was $2k. I tested $30k and it was approved. My credit score was 760 and my utilization was 9%. Income and assets (to be intentionally vague) each less than $200k.

@Slb5988 5 лет назад

I’ve put that spending power like 25X in the last two months and there’s no issue just have to wait a day after doing it like three times to restart. Smh 🤦🏻‍♂️