Okuzeka
Finance & Banking vocabulary · Payments & Cards

Charge card

Meaning in finance & banking, with examples

nounCommon term

In finance & banking, charge card means: A payment card whose balance is normally due in full each billing cycle under its terms.

In Turkish: borcun tamamı dönem sonunda ödenen kart

How it is used

Contrast the standard full-payment arrangement with revolving credit; check product-specific exceptions.

Example sentences

  1. Her charge card statement required payment of the entire monthly balance.

    The balance is due in full rather than through a minimum-payment option.

  2. The company issued charge cards to staff who travel frequently.

    The term identifies the card's repayment structure.

Common collocations

  • corporate charge card
  • charge card balance
  • credit cardA plastic or digital card that lets you buy now and pay the bank later. You can spend up to a limit and pay interest if you do not repay the full amount on time.
  • cardholderThe person to whom a payment card is issued and who is allowed to use it; for company cards, the named employee who uses the card.

More terms: Payments & Cards

Practise with graded reading

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This page explains English vocabulary for learners. It is not financial advice.