Charge cards are the latest trend in the the credit industry. Their popularity skyrocketed following the Great Recession, as many consider them a smarter choice for budgeting purposes. But which are the best charge cards in terms of rewards and benefits? First, let us quickly look at the distinctive features all of them have...

Features of a Charge Card:
• The outstanding amount has to be paid in full at the end of the month, which ensures you don't get underwater in unmanageable debt like you do with credit cards
• There is no interest charged on the outstanding amount
• Charge cards offer a wide array of benefits and features that are not available on most credit cards
• An annual fee has to be paid for the use of a charge card
• Very high or no preset credit limit
Amex Charge Cards
American Express is the largest issuer of charge cards in the United States. Some of the best charge cards on the market come from them. Their benefits include several types of complimentary insurance coverage, comprehensive expense tracking, higher rewards, and excellent customer service.

Best Charge Cards
So, which charge cards are considered to be the best? The Preferred Rewards Gold Card and the Platinum Card, both from American Express, are considered to be the best according to feedback gathered on the forum. Not just presently, but these cards also have historical records of delivering the best value. Let’s look at some of the common benefits associated with each of these two cards that make them so respected:
• You can earn a point for every dollar you spend. In the case of some purchases, like gas and groceries, you may earn additional points too.
• There is no pre-set credit limit.
• You get some great travel related benefits including baggage insurance plan, premium travel insurance, car rental loss and damage insurance, 24-hour roadside assistance, and global assist hotline.
• Shopping related benefits include Buyers Assurance Plan, Purchase Protection Plan and Return Protection.
As an American Express advertiser, we are proud to feature the following special promotional offers:

$125 annual fee. Best entry level charge card:
$175 annual fee. Offers greater rewards and benefits.
$450 annual fee. For the most frequent travelers that like high-end accommodations: Editors #1 Choice: Gold Delta SkyMiles

Although not a charge card, this credit card has a low annual fee and we have received quite a bit a positive feedback from people with lower credit scores (newer to credit and rebuilding credit) who have been approved for it. It is a perfect choice for your fist American Express card!
  • Low annual fee of only $95 (but it's FREE for the first year using the link below)
  • Companion airfare benefit. Get a companion ticket once per year for only $99!
  • First checked bag is free for yourself and up to 8 additional passengers under your reservation. This saves $50 per person!
  • Best signup offer. Use the link below to earn up to 25,000 bonus miles which is enough for a free roundtrip flight!