Charge cards are the latest trend of credit in the market today. They seem to have achieved overnight popularity as more and more people are choosing charge cards over credit cards. 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 gamut 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 American Express. Along with their own distinct benefits, these charge cards also have the benefits associated with Amex. Some of their advantages include insurance coverage, comprehensive expense tracking, and excellent customer service among many other benefits.

Best Charge Cards
So, which charge cards are considered to be the best charge cards in the industry? The Preferred Rewards Gold Card and the Platinum Card, both from American Express, are considered to be the best charge cards available. 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 such a great reputation within the industry:

• You can earn a point for every dollar you spend. In the case of some purchases like gas and groceries, you often get two points for every dollar you spend.
• 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, Global Assist Hotline.
• Shopping related benefits include Buyers Assurance Plan, Purchase Protection Plan and Return Protection.