Credit Card Checks

[Taggart]

Have you ever used the checks that sometimes come with your credit cards?

I believe you'd write them out like a normal check, and the amount will be added to your credit card account.

Obviously, the downside of these would be that using them increases credit card debt.

 

[taiarain]

I've used the reduced rate balance transfer checks that come in. The interest savings can definitely be worth it.

 

[Taggart]

I get them sent to me from time to time, but so far I've never used them. Plus I shred them because they have my information on them.

That's probably a good idea if you don't plan to use them.

 

[Mirage]

Yeah I don't like these either. They actually count as "quasi-cash" which is almost always given a higher interest rate as well. I would definitely not recommend using them.

I don't really recommend using credit cards in the first place though unless you absolutely have to. Buying a big screen tv is not a good use of a credit card if you ask me.