Charge cards can help you build credit, but they differ from traditional credit cards—here's how.
However, charge cards have two big differences: 1) There's no preset spending limit; and 2) you can't carry a balance month to month., charge cards don't. This can provide you with more buying power, since your balance is able to fluctuate every month. But doesn't mean you can spend whatever amount you want."No preset spending limit does not mean unlimited spending.
In other words, you don't receive a maximum spending limit when you're approved for the card. Rather, the charge card issuer adjusts your credit limit from month-to-month based on your behavior and history as a cardholder — and it's constantly in flux. As a general rule, cardmembers tend to have few issues when using their charge cards for predictable, everyday spending. But to avoid your card being declined, there are ways to double check that your card will be approved for big purchases, trips or business expenses ahead of time. This will save you hassle and help you plan accordingly.
If you're unsure if a purchase will be approved on your charge card, consider calling or messaging your card issuer to inquire about the size of that expense. And if you have an Amex charge card, there's a tool available online or via the Amex app that allows you to check your purchasing power.
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