Charge Cards

Charge Card is a loan product that offers the possibility of deferred payment (on loan) and is historically the oldest type of credit card. The cardholder makes the reimbursement of payments made in monthly intervals. Unlike the credit card, the holder is obliged to pay its obligation in the agreed timeframe. The card does not need to have an account. The payments are made via bank transfer or check.

Charge cards in practice: Charge cards are used to pay for goods and services, are used by enterprises and individuals. The advantage of the card is deferred payment of the obligation.