charge card

AmEx pivoted away from the charge card business model before the COVID-19 pandemic to a model that encouraged customers to keep a balance.

Atlas, formerly Point Up Inc, markets itself as "an invite-only charge card" that gives members access to exclusive dining and travel.

“U.S. retail sales are charging ahead, and a lot of that may be on charge cards,” said Brian Jacobsen, chief economist at Annex Wealth Management.

But when he discovered how much money was passing through his hands in the form of unemployment benefit charge cards, he “felt played” by his friends.

Despite Woodhouse earlier that morning alerting American Express of the planned excessive usage on the church charge card, the company’s fraud department abruptly stopped charges.