Is it standard practice to charge credit card fees when paying by credit card?

Answer While some businesses charge a fee when customers pay by credit card, it is against their merchant agreement with the credit card company, such as Visa or MasterCard. If you encounter a company th... Read More »

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Are merchants permitted to charge their credit card fees to patrons?

On One Hand: Passing on Credit Card Usage FeesEach credit card swipe generates fees paid by the merchant to the banks as well as to MasterCard or Visa. For many merchants, these fees cut deeply int... Read More »

Is it easier to be approved for a charge card than a credit card?

On One Hand: Charge Cards Are More Difficult To GetCharge cards are more difficult to get than credit cards and the approval process is more detailed. An above average credit score is needed to qua... Read More »

Is there a difference between a charge card and a credit card?

Yes, charge cards allow purchases during one billing cycle and the balance must be paid in full each month. Credit cards offer a line of credit that can be borrowed against and a billing cycle of ... Read More »

What is the difference between a charge card and a credit card?

Using credit is a fact of modern life, but there are many different kinds of credit and each functions a bit differently. For example, most people do not realize that there is a difference between ... Read More »