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Charge Card Now
Charge cards are a very popular form of plastic among the excellent credit community as they facilitate high rewards earning potential. At Charge Card Now, we have created a support center where we focus on the benefits of these products. Those of you who have come here to find information about charge cards vs. credit cards or which type of charge card is the best fit for your circumstance, please explore our website and learn more. The most common reason why many consumers and small business owners turn to charge cards as an alternative method of payment to cash or checks is that the sophisticated rewards structure is very appealing. Whether you are already a charge card carrier looking for a new offer, or are a consumer who currently uses credit cards but is interested in making the jump to a more competitive program, you will find the tools on our site to help you make an informed decision.
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Who Issues Charge Cards?
American Express is the leading issuer of charge cards in the United States. The cards come in two varieties, business charge cards and standard charge cards for consumers. The originaly American Express business model was based around these products and were awarded to only those with excellent to superior credit ratings. Initially, carrying an American Express card was not only an alternative method of payment, but a status symbol. Though still considered by many as an elite form of plastic, the brand has evolved into an excellent rewards accrual tool due to the establishment of their Membership Rewards program.
Charge Cards and Rewards Programs
The Membership Rewards program is a points based program. The idea behind it is that every dollar spent coincides with one point. These points may be redeemed for a variety of items in the console of the American Express Membership Rewards account management area. They may be used to buy merchandise, gift cards, American Express Gift Cards, or even for vacations. There is even an option to use them for airline tickets, hotel stays, and cruises when you book trips through American Express Travel.
Charge Card Point Accrual
For the most part, one dollar spent is equal to one point earned. However, there are exceptions to this. The first will be upon account opening. There are periodic promotions where if you open a new charge account you may receive bonus points. At times these can be up to 25,000. The second case occurs once you already have an account. When you access your account online there may be notifications of places where you may earn double or sometimes triple rewards points if you make purchases with your card at particular merchants. By taking advantage of such offers, you may earn even more with your charge card.
Offers for Consumers
If you are a financially stable individual who has the discipline to use a charge card for all purchases commonly paid for in cash, a charge card with rewards is an ideal fit. By making all of your purchases with a charge card, you will maximizing your earning power and over time will be able to buy things for free through point redemption. The one thing to keep in mind that making purchases with your card that you cannot pay for in full at the end of the billing cycle, which is a requirement, will most likely result in loss of pending points and all others earned within that month.
Business Charge Cards
Small to medium sized business owners who take advantage of these deals may greatly benefit as in most cases, the monthly spend for businesses is much higher than personal. By using a small business product for your daily spending needs you will be able to not only track and seperate purchases made by yourself and employees, you will be able to reap the benefits of an excellent rewards program. The most savvy business owners carry both small business and personal cards as American Express gives you the option of linking both accounts together for greater redemption possibilities.
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