Beware of Confusing Credit Card Cash Advance Check for Balance Transfer Offer
Guest: fenster
Credit Expert (100+ Posts)
Post subject: Beware of Confusing Credit Card Cash Advance Check for Balance Transfer Offer
Posted: Wed Jan 17, 2007 7:53 am
I can pick that puny, civilian lock a yours in less than 60 seconds and flash your dirty laundry all over this board. Then again, I won't do it, cuz after all, mouse is a valuable member of our credit community.
The long and short of it, them itsy bitsy locks aren't the answer.
_________________
beware of everything
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Wed Jan 17, 2007 8:00 am
Ri wrote:
Hey now I got a question about these checks. I have a wamu card that I only keep in order to get the credit score. I hardly ever use the thing but they keep sending me those checks. Now the paper says a cash advance fee will apply and an apr of 2.9 for like ten months will be applied. What if I make the check out to somone else? Like those bills that do not accepte credit cards? is that possible and would it still be considered a cash advance?
Still a cash advance. But keep paying attention to what they say, though. I had some Dillard's AMEX checks arrive in the mail and they said they were BT checks. They also added that the classification as BT checks and not cash advance checks would only be a one-time deal and should not be considered the status quo. I still didn't use the checks because their BT fee would have applied, and I didn't feel like calling them to see if they'd waive it, either.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 17, 2007 8:06 am
fenster wrote:
I can pick that puny, civilian lock a yours in less than 60 seconds and flash your dirty laundry all over this board. Then again, I won't do it, cuz after all, mouse is a valuable member of our credit community.
The long and short of it, them itsy bitsy locks aren't the answer.
Hint--->battery power drill
60 SECONDS IS TOO LONG
BUT watch out for the US POST OFFICE SECURITY
They carry GUNS
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 17, 2007 10:36 am
Ri wrote:
Hey now I got a question about these checks. I have a wamu card that I only keep in order to get the credit score. I hardly ever use the thing but they keep sending me those checks. Now the paper says a cash advance fee will apply and an apr of 2.9 for like ten months will be applied. What if I make the check out to somone else? Like those bills that do not accepte credit cards? is that possible and would it still be considered a cash advance?
You issue the checks as if they were personal checks. But beware!
Make sure you read correctly. The offers I've seen that say it will be treated as a cash advance carry the cash advance APR. This is something like 22%+ not 2.9%. Also, check what the cash advance service charge is. Not having WaMu, I don't know.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Verne
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 17, 2007 10:50 am
I do all my banking and make credit card payments online from my credit union but I'm also set up to pay at the credit card sites in case my CU site is down. This service is free at both ends. Gradually, I've gone paperless with several bills and about half my credit cards.
I agree with Polonius that paperless is mostly for the bank's benefit but I also agree with Fenster's security concerns. Mail is stolen all the time on route and at the curb.
In our small town, one of the mail carriers filled his house with stuff he bought using other people's credit cards and convenience checks from the mail he stole. He got away with this for years. (he only did one year in prison, later sued the police for all the ill-gotten loot they had confiscated, got it back, and now lives the high life) In some areas, mail trucks are robbed daily. And mail is lost.
So far I've been able to find all BT offers, change in terms, and the details about my account online. But I wouldn't recommend paperless for anyone with a large unmovable debt and vulnerable to a sudden change in terms. You don't want to miss that notice - even if it is hidden amongst all the junk inserts in your mailed statement.
Verne
_________________
Any agreement that can be changed at any time, for any reason, is no agreement at all.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Expert (100+ Posts)
Post subject: Beware of Confusing Credit Card Cash Advance Check for Balance Transfer Offer
Posted: Wed Jan 17, 2007 7:53 am
I can pick that puny, civilian lock a yours in less than 60 seconds and flash your dirty laundry all over this board. Then again, I won't do it, cuz after all, mouse is a valuable member of our credit community.
The long and short of it, them itsy bitsy locks aren't the answer.
_________________
beware of everything
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Wed Jan 17, 2007 8:00 am
Ri wrote:
Hey now I got a question about these checks. I have a wamu card that I only keep in order to get the credit score. I hardly ever use the thing but they keep sending me those checks. Now the paper says a cash advance fee will apply and an apr of 2.9 for like ten months will be applied. What if I make the check out to somone else? Like those bills that do not accepte credit cards? is that possible and would it still be considered a cash advance?
Still a cash advance. But keep paying attention to what they say, though. I had some Dillard's AMEX checks arrive in the mail and they said they were BT checks. They also added that the classification as BT checks and not cash advance checks would only be a one-time deal and should not be considered the status quo. I still didn't use the checks because their BT fee would have applied, and I didn't feel like calling them to see if they'd waive it, either.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 17, 2007 8:06 am
fenster wrote:
I can pick that puny, civilian lock a yours in less than 60 seconds and flash your dirty laundry all over this board. Then again, I won't do it, cuz after all, mouse is a valuable member of our credit community.
The long and short of it, them itsy bitsy locks aren't the answer.
Hint--->battery power drill
60 SECONDS IS TOO LONG
BUT watch out for the US POST OFFICE SECURITY
They carry GUNS
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 17, 2007 10:36 am
Ri wrote:
Hey now I got a question about these checks. I have a wamu card that I only keep in order to get the credit score. I hardly ever use the thing but they keep sending me those checks. Now the paper says a cash advance fee will apply and an apr of 2.9 for like ten months will be applied. What if I make the check out to somone else? Like those bills that do not accepte credit cards? is that possible and would it still be considered a cash advance?
You issue the checks as if they were personal checks. But beware!
Make sure you read correctly. The offers I've seen that say it will be treated as a cash advance carry the cash advance APR. This is something like 22%+ not 2.9%. Also, check what the cash advance service charge is. Not having WaMu, I don't know.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Verne
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 17, 2007 10:50 am
I do all my banking and make credit card payments online from my credit union but I'm also set up to pay at the credit card sites in case my CU site is down. This service is free at both ends. Gradually, I've gone paperless with several bills and about half my credit cards.
I agree with Polonius that paperless is mostly for the bank's benefit but I also agree with Fenster's security concerns. Mail is stolen all the time on route and at the curb.
In our small town, one of the mail carriers filled his house with stuff he bought using other people's credit cards and convenience checks from the mail he stole. He got away with this for years. (he only did one year in prison, later sued the police for all the ill-gotten loot they had confiscated, got it back, and now lives the high life) In some areas, mail trucks are robbed daily. And mail is lost.
So far I've been able to find all BT offers, change in terms, and the details about my account online. But I wouldn't recommend paperless for anyone with a large unmovable debt and vulnerable to a sudden change in terms. You don't want to miss that notice - even if it is hidden amongst all the junk inserts in your mailed statement.
Verne
_________________
Any agreement that can be changed at any time, for any reason, is no agreement at all.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 1:58 PM
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