What happens if you don't pay off a charge card?

High penalty fees may apply if you don't pay the full amount listed on your charge card's statement by the due date. The late payment details will also be added to your credit report, which could lower your credit score. Depending on the charge card, there may also be other restrictions such as limiting how much you can spend. So if you don't think you'll be able to make a payment by the due date, contact the charge card company as soon as possible to discuss your options.

Can I get additional charge cards for my family or employees?

It depends on the card but you can usually get additional cards for employees with a business charge card. Some personal cards also offer additional cards for family members. Keep in mind that any additional cardholders will need to meet the eligibility requirements. If it's a personal charge card, you will also be the only one legally responsible for managing the account. For business cards, you'll need to check the liability.

Do charge cards build credit?

Yes. Even though charge cards aren't technically "credit cards", applying for one will leave an inquiry on your credit report. Repayment history will also be reported to credit bureaus, so they can help you build your credit history.