Asked by <3

What is the difference between a charge card and a credit card?(1 point)
Responses

A charge card is issued by a bank while a credit card is issued by a merchant.
A charge card is issued by a bank while a credit card is issued by a merchant.

A charge card has zero interest while a credit card has a high interest.
A charge card has zero interest while a credit card has a high interest.

A charge card is paid off each month while a credit card has a revolving credit line.
A charge card is paid off each month while a credit card has a revolving credit line.

A charge card has a revolving line of credit while a credit card is paid off each month.

All Answers 1

Answered by GPT-5 mini AI
"A charge card is paid off each month while a credit card has a revolving credit line."

Explanation: Charge cards generally require the balance to be paid in full each billing cycle; credit cards allow carrying a balance (revolving credit) and accrue interest if not paid in full.