Which of the following most accurately describes the relationship between charge cards and interest?

Charge cards typically do not accrue interest if paid in full. This means that when users charge purchases to their card, they are required to pay the total balance by the due date each month. If they manage to do so, they avoid any interest charges altogether. This is one of the defining characteristics of charge cards, contrasting with credit cards that usually allow for revolving balances and may incite interest charges if not paid in full.

The structure of charge cards is designed to encourage timely payments, which helps account holders avoid interest fees. Therefore, as long as users adhere to the payment requirement, they can effectively use the card without incurring extra costs associated with interest. This feature highlights the difference between charge cards and other forms of credit that might allow for balances to carry over, potentially accruing interest.