New Delhi, Jan. 29 -- All credit cards come with a pre-set credit limit. A cardholder can use the card up to the specified limit. If the usage exceeds the credit limit, some banks allow transactions up to a specified amount and charge an overlimit fee. On the other hand, some banks decline the transaction beyond the credit limit. What if you could have a card that allows you the flexibility to spend with no pre-set limit? Yes, charge cards offer this facility. In this article, we will compare credit cards with charge cards and understand which one to choose.

A charge card works like a credit card and allows you to pay for goods and services on credit. You get a credit period of up to 50 days. It gives you instant discounts, base reward p...