Convenience Checks

Convenience checks are checks that are used just like bank account checks yet they are linked to a credit card instead of a bank account. When using convenience checks they can not be written to exceed your credit limit. Interest is charged when the checks are used, just as if you had taken a cash advance out on your credit card. Many times the interest rates for convenience checks is higher than the interest rates on purchases.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!