What is the difference between a charge card and a credit card?(1 point) Responses A charge card is issued by a bank while a credit card is issued by a merchant. A charge card is issued by a bank while a credit card is issued by a merchant. A charge card has zero interest while a credit card has a high interest. A charge card has zero interest while a credit card has a high interest. A charge card has a revolving line of credit while a credit card is paid off each month. A charge card has a revolving line of credit while a credit card is paid off each month. A charge card is paid off each month while a credit card has a revolving credit line.
The main difference between a charge card and a credit card is that a charge card must be paid off in full each month, while a credit card allows the cardholder to carry a balance from month to month. Charge cards typically do not have a preset spending limit and do not charge interest, while credit cards have a credit limit and may charge interest on unpaid balances.
