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Many people use the word “charge card” when they mean credit card. Likewise, you may have an American Express charge card and call it a credit card. But what is the difference?

A charge card is simply a promise (on your part) to pay for merchandise at the end of the month. Charge cards:

• Have no pre-set spending limit
• Don’t accrue interest, since you don’t carry a balance

A credit card, on the other hand, is a form of revolving debt. Which leads us to another term to define: What is revolving debt?

Revolving debt means that the borrower does not have to pay the balance in full each month. He or she may have to make a minimum payment, based on the total amount borrowed.

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Tags: Card, Charge Card, Credit Card

Common fact of credit card is that people tends to spend more for their desires with credit cards which results in the credit card debts. If you are one among those who have got trapped in credit card debts and damaged the credit score then opt for credit card debt management option as early as possible. Credit card debt management manages the borrowers multiple debts with ease i.e. without much affecting the other routine expenses.

Credit card debt management has gained its popularity as people involved in damaged credit have increased as when they shop they forget about their credit limit. So, to get the credit back onto the track credit card debt management is of wide use.

While opting for Credit card debt management services borrower can considers various options like credit card consolidation, credit card negotiation, budgeting etc.

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Tags: Card, Card Debt, Credit Card, Credit Card Debt

Retailers and credit card issuers have long debated the ‘swipe fees’ that should be paid by users for the privilege of using their cards. Their battle has been an ongoing struggle to iron out something of an acceptable rate. Now with the Credit Card Fair Fee Act of 2009 retailers hope to get some relief from swipe fees.

The National Retail Federation recently urged the House Judiciary Committee to review and approve legislation to have the major credit card holders of Visa and MasterCard banks to review and negotiate the terms and conditions associated with the card swipe fees paid by retailers and customers. As it stands now Visa and MasterCard set their own interchange rates in concert with their member banks, without any input from retailers or consumers.

Swipe fees have been identified as the second biggest expense that retailers have. Thi

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Tags: Fee, Swipe Fee