Autumn Leaves: What Are Credit Card “Purchase Checks”?
Every month with my statement my cc company sends “purchase checks”. I already have a regular bank checking account, I never set one up through my cc company. Is there any advantage to using the “purchase checks”? Will it help my credit rating? I’m just starting to build credit, I don’t have a bad credit rating.
The way they keep pushing me to use these checks I figure there’s something in it for THEM.
Answers and Views:
Answer by jlf
There is something in it for them: money. If you use one, the amount gets charged to your credit card account and starts accruing interest from that day forward – usually at a higher rate than normal charges. Destroy them instead of using them.
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