Reply To: Charge card vs. credit card questions

[mindspit]

1 – Taken from Amex website:

Unlike the Charge Card, the Credit Card is regulated by the Consumer Credit Act, which gives you a range of rights. For example, if you buy goods or services on your Credit Card, Section 75 of the Consumer Credit Act can give you extra protection if things go wrong. This is because the Credit Card company is jointly and severally liable for any breach of contract or misrepresentation by the retailer. This means you can also put a claim to the Credit Card company. You don’t get this protection with a Charge Card.

You still get Amex purchase protection with the charge card.

2 – In the app there is a button “check spending power” you put the amount in and it will give you an instant response if you can spend that amount. The FAQ’s for this section says that this does not involve a credit inquiry and does not affect your credit score.