Talk:Charge card

How do they make money

How does a charge card company such as AMEX make money? If the full balance is paid back in full each month and no interest is added, how do they make a profit? I understand that the retailer is charged a little under 10% by the card provider which would explain why some retailers here in Britain (such as petrol stations) do not accept an Amex card as they are working on less than 10% profit on sales! Hotels and restaurants, however, operate on a much higher mark up and so are happy for customers to run up high bills on charge cards 86.162.14.225 (talk) 17:54, 23 August 2010 (UTC) Mark, Nottinghamshire, England 23/8/10

Agree that this should be added to the article as they charge the merchants a fee of approx 2-4% of the value of the transaction. Sargdub (talk) 22:04, 16 April 2014 (UTC)

Not paying on time consequence

Would be important to put the consequences of not paying it on time. I have no idea what are they

Agreed; I assume you must pay off the balance, with the creditor charging interest... but that's exactly the same as a credit card!168.56.37.8 20:55, 8 November 2006 (UTC)

I put it in, based on Amex's terms. 70.19.88.122 19:03, 21 November 2006 (UTC)

History

Saying the charge card was invented in 1957 is probably wrong. According to wiki page Diners_Club_International, the first charge with a card was made in 1950. —Preceding unsigned comment added by Saltlakejohn (talk • contribs) 06:37, 23 September 2010 (UTC)

Business case and popularity

Somebody should put in the "business case" of the card, as it looks like banks are unable to earn money on correct behaviour, and this product is only profitable due to penalties being paid by late payers. Also the popularity of charge cards internationally - will be really interesting to know. —Preceding unsigned comment added by 194.14.75.136 (talk) 12:02, 31 July 2008 (UTC)

Confusion of Eurocard and Eurocheque cards?

It seems there is an error in this sentence: In Europe, however, the MasterCard-affiliated Maestro brand replaced the European Eurocard brand for payment cards in 2002. I think that's worng, the MasterCard brand itself replaced the European Eurocard brand. The MasterCard-affiliated Maestro brand replaced the European Eurocheque brand! Or more precisely, the Maestro card replaced the Eurocheque card, originally a cheque guarantee card which also was an ATM card and in the late 1980's also became a debit card. But a Eurocard, in very most cases a charge card, was replaced by MasterCard charge cards! Even today, many MasterCards in countries like Austria or Germany aren't debit or credit cards but charge cards. 86.56.36.194 (talk) 07:07, 11 January 2009 (UTC)

I also think that's an error. But I think we need source to prove this. 95.88.150.242 (talk) 10:39, 7 March 2009 (UTC)

link needed

Can someone link Chargecard to this article. Nobody uses a space between the words in Britain and you need to use the search function to find it. --LeedsKing (talk) 14:41, 24 January 2011 (UTC)

Done --BlueNovember ^{(talk • contribs)} 11:49, 5 October 2013 (UTC)

External links modified

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Laundry list of companies that offer charge cards/credit cards

Is there any encyclopedic rationale for this list to be in this article? I don't believe there is, particularly given that the list is a magnet for spammers whose companies don't have Wikipedia articles to add random names to the list. - Julietdeltalima (talk) 23:08, 28 February 2020 (UTC)

Laundry list of companies?

The list informs about the main issuers of charge cards in the US. Most are business charge cards issuers. The knowledge does not harm anyone. Why this interest in erasing it?. Wikipedia is an encyclopedia. — Preceding unsigned comment added by Bitholov (talk • contribs) 14:49, 2 March 2020 (UTC)

embossed plastic charge cards

Were the cards embossed so they would imprint on a carbon copy of the transaction record? It might be worth mentioning this method of recording the transaction. Eaberry (talk) 13:49, 3 May 2024 (UTC)