Charge Cards Charge cards, also called travel and entertainment cards, are a little different from credit cards. Charge cards, such as American Express and Diners Club, have no credit limit. You can usually charge as much as you want, but you are required to pay off your entire balance when your bill arrives, with one exception. If you charge air fare, cruise fees or hotel fees for a hotel room booked through a travel agent on an American Express card, you can pay off your balance over 36 months. If you don't pay after about three months, your account will be closed and your bill sent to the collections department.
Many people use their credit or charge cards to obtain cash advances.
Cash advances are generally more expensive than standard credit card charges. They also charge interest from the date the cash advance is posted, even if you pay it back in full when your bill comes. Finally, the interest rate is often higher on cash advances than it is on ordinary credit card charges. ATM Cards ATM cards are issued by banks, essentially to give bank customers flexibility in their banking hours. In most areas, with an ATM card you can withdraw money, make deposits, transfer money between accounts, find out your balance, get a cash advance and even make loan payments at all hours of the day or night.