Credit cards have a preset spending limit, and each month you have to make minimum payments. Charge cards don’t have a preset spending limit (although Amex may enforce one internally), and you face extremely steep penalties if you don’t pay your balance in full every month. You should be paying your balance in full anyway to avoid interest, so the difference between credit and charge cards won’t affect you.nnCharge cards also appear on your credit report differently. Having a charge card is good, because it shows that you can responsibly manage other types of loans besides regular credit cards.