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A charge card is a type of payment card that allows you to make purchases without a predetermined spending limit, but requires you to pay off the balance in full every month. Unlike credit cards, charge cards do not offer the option to carry a balance from month to month, meaning you can't pay off only a part of the amount due and roll over the rest. Here are some key features:

- No Preset Spending Limit: Charge cards typically do not have a fixed credit limit. However, that doesn’t mean unlimited spending; purchases are approved based on your spending patterns and financial profile.
- Full Balance Payment: You must pay the entire balance in full each billing cycle, usually within 30 days. Failing to do so can result in high fees or penalties.
- Rewards and Benefits: Charge cards often come with rewards programs, travel perks, concierge services, and other benefits.
- No Interest Charges: Since the balance must be paid in full each month, there are no interest charges like with traditional credit cards.
- Annual Fees: Many charge cards come with annual fees, which can be higher than those of standard credit cards due to the added benefits and rewards.

Charge cards can be a good option for individuals who can pay off their balances every month and want access to premium benefits and rewards.