AmEx charge card--what's the point?
What is the point of a charge card? I got an offer from AmEx the other day for one. You can run up all the charges you want on it, but when the bill comes it's all due at once. It also offered a rewards program, but you'd have to spend $5000+/yr on it just to break even after the annual fee.
Is there any real point to having one? Only thing I can think is it might be a good credit booster having access to an unlimited charge account, but other than that it looks to be pointless. If I can't afford something now, I'll either wait for the next time I get paid or put it on a credit card and be able to have a longer time to pay it off if necessary.
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