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Charge Cards
Unlike credit cards, Cards Bank charge cards do not have a monthly spending limit. Those who have a Cards Bank charge card can make an unlimited number of purchases with their card, but the balance must be paid in full each month. To encourage card holders to pay in full each month, a fee and penalties are imposed monthly if the full charge amount is not paid. Like credit cards, some charge cards assess a yearly fee. However, for many consumers, the cost of a Cards Bank charge card is lower than the cost of having a credit card because they avoid interest that can be assessed monthly on unpaid balances. |
