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Sandra
LIF Adult
Member since 5/05 1185 total posts
Name:
Sandra
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Has anyone used...
those blank checks that come w/ your credit card bills? I keep on getting these checks and am wondering if anyone has used them ---do they get charged as a charge transaction or cash advance?
Thanks
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Posted 12/8/05 8:24 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
KaRiSsA
~*~*~*~*~*~*~
Member since 5/05 4646 total posts
Name:
KARISSA
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Re: Has anyone used...
I toss them.
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| Posted 12/8/05 8:28 AM |
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baghag
:P
Member since 5/05 10278 total posts
Name:
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Re: Has anyone used...
I shred them as soon as i get them. They are usually viewed as a cash advance and have very high interest rates.
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| Posted 12/8/05 8:30 AM |
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Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Has anyone used...
I used them once and relized it was a BIG mistake!! I tried to pay back the cash that I took out and they applied the payment to my regular balance so I had this balance on the card where I was paying twice the amount in interest that I would have if I had used the card as a credit card!! 
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| Posted 12/8/05 8:52 AM |
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KPtoys
I'm getting old
Member since 5/05 8688 total posts
Name:
Karen
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Re: Has anyone used...
I used one once but I made sure the interest rate was 0% for the life of the advance and there was no fee for using it.
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| Posted 12/8/05 9:08 AM |
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MrsJ
I love my Katie Bug
Member since 5/05 11357 total posts
Name:
Kathy
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Re: Has anyone used...
I have used them a couple of times as a balance transfer. The checks offered me a rate of 0% and my other credit card had several thousand dollars on it at a rate of 18-19%. So it saved me money.
I called the company offering the checks to find out what fees went along with it and what their policy was on it. Most places charge a certain percent of what ever fee you're paying off...but if you have all the facts, it can be worth it.
Message edited 12/8/2005 9:16:58 AM.
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| Posted 12/8/05 9:15 AM |
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Aga
hello baby Albert
Member since 9/05 7750 total posts
Name:
Aga
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Re: Has anyone used...
Posted by baghag
I shred them as soon as i get them. They are usually viewed as a cash advance and have very high interest rates.
yes, thats what I do...
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| Posted 12/8/05 9:20 AM |
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BabyAvocado
Happy New Year
Member since 5/05 17334 total posts
Name:
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Re: Has anyone used...
I shred them too.
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| Posted 12/8/05 9:27 AM |
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Sandra
LIF Adult
Member since 5/05 1185 total posts
Name:
Sandra
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Re: Has anyone used...
I have never used them, and always throw them away--but am considering using one check for an adoption expense since the adoption agency does not accept credit cards. I haven't decided yet...I appreciate your comments!
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| Posted 12/8/05 9:33 AM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: Has anyone used...
shred them!
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| Posted 12/8/05 9:36 AM |
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LadyMaravilla
Fall Is Here
Member since 5/05 12023 total posts
Name:
Sonia
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Re: Has anyone used...
don't just toss them...SHRED them please! My dad had to deal w/ Identity theft because of one these checks were thrown out w/out shredding. Someone wrote a 19,000 check!!! It was a big mess!
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| Posted 12/8/05 9:39 AM |
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dld4e
I ♥ my boys!
Member since 5/05 4461 total posts
Name:
DJ
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Re: Has anyone used...
I think you should read the fine print. Sometimes they have really good interest rates on balance transfers without any fees until you pay them off.
I would read before you shred.
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| Posted 12/8/05 9:44 AM |
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dpli
Daylight savings :)
Member since 5/05 13973 total posts
Name:
D
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Re: Has anyone used...
I shred them and then ask that they not be sent to me at all. I am paranoid about someone taking them out of my mail and using them.
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| Posted 12/8/05 10:39 AM |
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