Charge Cards - Best Charge Card Deals | moneyfacts.co.uk

Find the best charge card

  - Want more from your flexible friend? A charge card can offer a rewarding alternative to credit cards, providing you repay your balance each month.
Also look at:

Compare the Best Charge Cards

Compare
Up to 3 products
side by side
Annual FeeMinimum IncomeAdditional InformationSearch all187 Credit Cards
 
American Express

Preferred Rewards Gold Card
NoneN/A
  • Spend £2K in first 3 months for 20,000 bonus points
  • £140 annual fee, not charged in first year
  • Manage your card online
Details...
Go to Site
 
American Express

The Green Card
£60.00N/A
  • Virtually 1 point for every £1 spent
  • £60 anuual fee
  • Manage your card online
Details... 
American Express

The Platinum Card
£450.00N/A
  • Virtually 1 point for every £1 spent
  • High cash withdrawal charges at 3% (min £3)
  • At renewal you can use points to pay card fee
Details...
Go to Site
 
Compare
Last Updated: Sunday 17 December 2017 00:17

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

Disclaimer:
All credit cards are subject to the applicant’s status. The APR quoted is representative of the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you are offered may be higher, or you may not be offered credit. Fees and rates subject to change without notice. Please check all rates and terms before borrowing.

Moneyfacts.co.uk Limited is an independent credit broker not a lender. We will receive a payment from credit providers where customers link to them from Moneyfacts.co.uk. None of these arrangements affects our independence.

Search All Credit Cards >>
 

What are Charge Cards?

A charge card lets you borrow money during the month for purchases or by withdrawing cash. Unlike a credit card, with a charge card you must clear this balance at the end of the month, in full. In this way they can be useful if you don’t want to get into debt as you can’t carry balances over from one month to the next.

Charge cards don’t advertise interest rates – as technically you don’t get charged interest. You will normally also face charges if you withdraw cash on a charge card, as well as if you use it for purchases or cash withdrawals abroad.

Charge cards don’t tend to have a credit limit, so it’s up to you to spend within your means. If you don’t clear your balance in full every month, you will have to pay late payment fees.

Because of way a charge card works, they are usually aimed at higher earners and/or those with a very good history of managing credit.

You’ll normally have to pay an annual fee, which can be quite hefty. However, this fee can be in return for a range of benefits that come with the charge card. You might also find that a reward scheme for spending on the card is offered as well.

If you use your charge card regularly and make the most of any benefits, it can be possible to get more value than you are paying on the annual fee.

Charge cards vs. credit cards

The main difference between a credit card and a charge card is that with a charge card you have to pay the balance off in full every month. With a credit card if you can’t or don’t want to pay the balance off in full, you don’t have to. However, even with a credit card you are required to make at least the minimum payment each month.

So, if you have a large purchase coming up, a credit card may be a smarter bet as you will have more than a month to repay what you borrow. If you take a 0% purchase credit card – providing that you are disciplined – you can spread the payments without being charged interest.

However, if you’d prefer not to have the worry about getting into debt, a charge card can be a good alternative to a credit card.

That said, a charge card requires more discipline than a credit card, as without a credit limit, you will need to monitor your spending to make sure you don’t always end up living a month ahead of your wages.

 

Card Tools

Improve your credit ratingImprove your credit rating
If you've been rejected from a card application or think you have a poor credit rating, find out how you can get accepted. A simple thing like not being on the electoral roll could be the reason.

Credit repayment calculatorCredit repayment calculator
Find out how long it will take to clear your Credit Card.

Credit repayment term calculatorCredit repayment term calculator
Want to clear your credit card as quickly as possible?

Best cashback credit cards for the festive season
Best cashback credit cards for the festive season

The madness of Black Friday has been and gone, and many people’s attention will now be turning to Ch... More

Credit card deals shrink as Christmas costs rise
Credit card deals shrink as Christmas costs rise

The cost of Christmas is on the rise, and with less than five weeks to go, consumers are likely to b... More

Credit card warning as 0% interest terms shorten
Credit card warning as 0% interest terms shorten

It looks as though the base rate rise is having a knock-on effect on the credit card sector, as alre... More

Top credit cards for Christmas spending
Top credit cards for Christmas spending

‘Tis (just about) the season to be jolly, but before all that festive fun begins, chances are you’ve... More

Debt warning as credit card APR hits record high
Debt warning as credit card APR hits record high

There has been a worrying rise in the number of consumers reliant on credit cards to keep their head... More

Guide to 0% balance transfer credit cards
Guide to 0% balance transfer credit cards

Getting a long 0% balance transfer credit card can reduce your debt quickly and cheaply. But there a... More

Find your credit card providers
Find your credit card providers

Find out who provides your credit card. Most branded cards are issued by another provider – this cou... More

What type of credit card is best?
What type of credit card is best?

They’re so easy aren’t they: credit cards? It lands on your doormat, 85.60 x 53.98mm of pure spendin... More

nuba’s balance transfer card still competes
nuba’s balance transfer card still competes

nuba has decreased the introductory balance transfer term on its leading balance transfer card, but ... More

Lloyds Bank raises 0% balance transfer term
Lloyds Bank raises 0% balance transfer term

Lloyds Bank has increased the introductory 0% balance transfer term on its Online Platinum MasterCar... More

Post Office Money 0% interest card now no. 1
Post Office Money 0% interest card now no. 1

Post Office Money has increased the introductory 0% interest terms on its balance transfer and purch... More

Sainsbury’s no. 1 purchase credit card
Sainsbury’s no. 1 purchase credit card

Sainsbury’s Bank has increased the introductory term on its leading 0% purchase credit card, which h... More

Lloyds’ top 0% interest credit card
Lloyds’ top 0% interest credit card

Lloyds Bank has increased the introductory 0% interest terms on its balance transfer and purchase cr... More

Close