Credit Cards v Charge Cards - Fox 2 News Headlines

Credit Cards v Charge Cards

Posted: Updated:
ATLANTA -

You always hear that it's a great idea to get rid of your credit cards, but sometimes it really is the best way to pay. So here's another option: charge cards.

Paying with credit is often a safer way to make an online purchase. Let's say you're not happy with your product - it's a lot easier to dispute a charge if you've paid by credit card. But, it's the convenience of that card that gets some folks into trouble.

Maybe a charge card is best for you. It's very similar to a credit card. You can go shopping, and with a simple swipe, you pay for your purchase. The differences are all in the details. The credit card comes with an interest rate because you don't have to pay in full each month. With a charge card if you spend a thousand bucks when the bill is due, you pay a $1,000. But remember, if you don't pay your charge card in full at the end of the month, you can be assessed fees and it can also be cut off until it's paid off.

Now the main charge card out there is American Express, and it charges an annual fee. For an entry level card, it's less than $100 a year, but it's a fee nonetheless. Now, before you balk, that charge card can be balanced with rewards programs like airline miles and cash back deals. If you use it frequently, it might be worth it. Read the fine print before you make a choice.

  • I-Team Story ArchiveMore>>

  • Good Day Atlanta

    Teaching your kids the value of money

    Teaching your kids the value of money

    Monday, September 15 2014 11:22 AM EDT2014-09-15 15:22:34 GMT
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
  • GA Lottery targets shadow winners

    GA Lottery targets shadow winners

    Sunday, September 14 2014 5:30 PM EDT2014-09-14 21:30:57 GMT
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
  • Graphic video of Forsyth Co. Courthouse shootout

    Graphic video of Forsyth Co. Courthouse shootout

    Thursday, September 11 2014 4:43 PM EDT2014-09-11 20:43:06 GMT
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse.
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse in June.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • Good Day Atlanta

    Recipes: A healthy take on Southern favorites

    Recipes: A healthy take on Southern favorites

    Tuesday, September 16 2014 12:39 PM EDT2014-09-16 16:39:34 GMT
    We challenged chef Curtis Aikens to lighten up two Southern classics, starting with sweet potato pie.Which usually involves a couple of sticks of butter, loads of sugar and buttermilk.
    We challenged chef Curtis Aikens to lighten up two Southern classics, starting with sweet potato pie.Which usually involves a couple of sticks of butter, loads of sugar and buttermilk.
  • FOX Comedies Return To Tuesday Night

    FOX Comedies Return To Tuesday Night

    Tuesday, September 16 2014 9:36 AM EDT2014-09-16 13:36:32 GMT
     Two of the hottest comedies on FOX return Tuesday night, so get ready for some new laughs with old friends!   First up, "New Girl" is
    Two of the hottest comedies on FOX return Tuesday night, so get ready for some new laughs with old friends! First up, "New Girl" is back for a fourth season, and cast members say expect a bit of a "reboot" of the series. What does that mean? Star H
  • Get Ready To "Rock" At Johns Creek Music School

    Get Ready To "Rock" At Johns Creek Music School

    Tuesday, September 16 2014 9:01 AM EDT2014-09-16 13:01:43 GMT
    It's a unique music school where kids jam out to The Beatles and Green Day, and learning to play an instrument also means learning to play with others.
     It's a unique music school where kids jam out to The Beatles and Green Day, and learning to play an instrument also means learning to play with others. There are nearly 150 School of Rock locations around the world, and now there's one in Johns Creek.
Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices