About the Cards we offer

Charge and Credit Cards

Used wisely, credit and charge cards can make your life easier and offer many benefits and protections. Boost your card knowledge with a better understanding of the differences between credit and charge cards.


What is a Credit Card?

Credit cards offer a revolving line of credit, meaning that you can carry a balance from month to month rather than having to pay the amount owing in full.

Each time you use a credit card, you are essentially taking out a loan. Card issuers require that at least the minimum amount due is paid by the due date every month.

If you always pay your balance in full so that we receive your payment by the payment due date, interest will not be applied to any of your purchases. If you choose to carry a balance or if we receive your payment late, interest charges are calculated and charged to your account starting from the posting date or the day the merchant submits charges to issuers. Interest is always charged on balance transfers and funds advances starting from the day the transaction occurs.

TIP: If you make your monthly payment earlier than the due date, you can save money on interest charges when you are carrying a balance.


What is a Charge Card?

Charge cards are different from credit cards in that they require you to pay the full amount you’ve charged to the card each month. By doing so, they can help you manage spending and stay on track with your finances. By paying in full every month you can avoid interest charges.

Plus, charge cards often come with many reward options.
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