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It is a check drawn on your credit card just like any other check you write, except that it is considered a cash advance by your credit company, and interest begins to acrue immediately. You cannot write more convenience checks than the amount of credit you have left on your card.
It is a really bad way of using your credit card. Expensive and dangerous. The credit card company sends them out with each statement. I had my mail stolen once, and the thief wrote convenience checks all over town on my card. I did not have to pay for the stolen credit, but it was no easy task to get the paperwork completed.
It is in the best interests of the credit card company to have you use them, because the interest starts immediately, and at the highest possible rate. It is not in YOUR best interests, however, and therefore cannot be called convenient by any stretch of the imagination!
Wiki User
∙ 16y ago
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"Are there any 24-hour check cashing locations in Albany?
Thomas Check Cashing & Convenience Store provides 24 hour check cashing and is located at 165 Madison Avenue in Albany,NY.
Does the 1st convenience bank offer credit cards?
First Convenience Bank offers credit or check card (mainly known as a debit card) to their customers. The credit card is a MasterCard and is linked to the owners bank account.
What is a convenience benefit?
Living close to a store is an example of a convenience benefit. When something makes your life easier it is a convenience benefit.
Define convenience goods?
those goods which we purchase without gathering additional information or putting extra effort are called convenience goods.
Routing Number First Convenience Bank?
111906271
How convenience foods are convenience?
check anywhere to find out if this is healty for you
What is a blank check provided by the bank for the convenience of customers who are making withdrawals called?
Personal Check
Where are most airheads found?
At your local convenience store check out lane.
Does sheetz cash checks?
Most Sheetz convenience stores will accept personal checks. The check must be approved by a manager and it is at her or his discretion whether or not to accept the check.
How many questions must a user answer if a convenience check was used for the purchase?
12
An Approving Officer responsible for originating approving or processing the requirement for a check may be also a convenience check custodian.?
false
An Approving Officer responsible for originating approving or processing the requirement for a check may be also a convenience check custodian?
false
The Government Purchase Cardholder is encouraged to also be an accommodation / convenience check holder?
False
Which of the following is NOT an appropriate circumstance for using a convenience check?
A purchase in excess of the micro-purchase threshold is required
Where can you buy mello yello in Massachusetts?
Almost all large convenience stores carry it. Check Wal-Mart.
Does sheetz cash personal checks?
Most Sheetz convenience stores will accept personal checks. The check must be approved by a manager and it is at her or his discretion whether or not to accept the check.
"Are there any 24-hour check cashing locations in Albany?
Thomas Check Cashing & Convenience Store provides 24 hour check cashing and is located at 165 Madison Avenue in Albany,NY.
