Originally Posted by
ExpatExp
Yes, exactly. Although I haven't ever used that feature, I wonder if this cheapens the appeal of the card from the merchant perspective, as then I suppose someone could describe it as a credit card dressed up to look like a charge card. And in the UK, for example, it is my understanding that Amex has stopped issuing charge cards to new customers and only offers credit cards to new customers (just one example -- not sure about other markets). So I wonder if this also cheapens the appeal of Amex from the merchant perspective. Interesting point that
friedablass brings up!
The line between charge cards and credit cards has been so blurred - with issuers of both offering a "pay over time" feature which involves a "fee" rather than an interest charge - that it has become a mostly meaningless distinction. The main difference at this point is that charge cards are worse for your credit score.