Credit Tips: Requirements for Credit Card Convenience Checks
Written by carnold
Posted On: March 1, 2006
Author: starDOM
Posted: Mon Feb 23, 2004 11:24 pm
Post subject: Requirements for Credit Card Convenience Checks
It seems that CC companies treat the transaction better if the check is made out to a bank, another CC company or a retailer as opposed to yourself or for the purpose of bank deposit. Is it possible to make the check out to my bank and have them deposit it in my account without it looking like a deposit to the CC company?
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Author: Guest
Posted: Tue Feb 24, 2004 4:48 pm
Post subject: Requirements for Credit Card Convenience Checks
Depends on the bank issuing the convenience check. Some will specifically say that you cannot make the check out to yourself or any other individual. Others say that’s ok. Best to call and check before doing anything.
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Curtis Arnold, a nationally recognized consumer educator and advocate, has been educating consumers about credit cards since 1998. Curtis is the author of "How You Can Profit from Credit Cards: Using Credit to Improve Your Financial Life and Bottom Line" (FT Press, 2008). He is also the co-author of the upcoming Complete Idiot's Guide to Person-to-Person Lending (Alpha Books/Pengiun Group USA, April 2009), a contribitor to The Ultimate Allowance (InnerWealth Publishing, 2008) and is extensively featured in 42 RulesTM for Driving Success With Books (Super Star Press, January 2009).
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