Credit Card Cheques

I know it can be done with credit card cheques, but not sure how it's done, do I just write the cheque to myself and deposit it in my account? or is there another way?

Yup, in the "payable to" line on your check, you just write your own name and bring it to the bank to deposit as if it was just any other check. I considered doing the same thing at one point because of the awesome interest rate offer, so I've called the bank to verify this.

Same applies to if you want to deposit into your friend's account - just write in their name.

2009-08-01 08:47:32 by Averroes

One leading credit card company has announced this week that it is to stop issuing credit card cheques. The cheques have been heavily criticised ...

Should I put the bulk of my spending money into travelers cheques (in pounds sterling)? Or should I primarily rely on my credit and debit cards?

I used my debit card mostly that way you avoid commissions fees at exchange places. London is very expensive so I prepaid as many activities as possible. You can purchase 'The London Pass' for about 180 USD for 6 days, and unlimited public travel for those six days. You can see hundreds of attractions with the pass. Carry as little cash as possible and I would use travelers cheques for what cash you carry. Do not exchange currency at the airport...they have the highest rates and commissions. With the London Pass you can also exchange currency commission free at certain locations. Have fun!

2006-06-27 11:53:58 by cjr80

The passport holder measures approximately 12.5 x 23 x 2 cm when closed and empty.
A superior quality multi-colored leather travel accessory which is big enough to hold all of your travel essentials but small enough to carry in your hand.
The document travel wallet also has 8 credit card slots with a further miscellaneous slot running behind these card slots. There is a credit card sized transparent window which could be used to hold a further credit card or ID etc. On the reverse of the travel wallet there is a zip up section running the whole width of the wallet which could be used to store change / coins.

I am still getting them and would like to know at point I should stop receiving them.
I am asking because I saw on the news that they were due to be banned, but I can't find out when. I have called them THREE times but they still won't take me off their stupid list.

Not soon enough. My company send them out unsolicited on a regular basis. Too many of our customers use them without realise the hidden charges.

Tell your credit card issuer that you won't no marketing literature including credit card cheques. Put it in writing and send recorded delivery. It they continue to do so you have the proof they have not carried out your wishes.

ps. If you do bin them, make sure you shred them.

2009-08-04 10:53:26 by orange_skies

Price: $29.00

Just like a credit card. you use the cheque and the bill goes to the card

2008-10-29 09:14:55 by sfjnet

I called Citi Customer Services and they told me that they don't charge any extra fees for using the cheques.

But I went online and found out that the interest rate is around 20%.

What does the interest rate mean?

This is charged to your credit card account and you get billed this until you pay it back. In addition, this may be charged at the "cash advance" ate rather than the "purchase" rate. Some places charge a cash advance fee of 3%.

2008-03-08 06:55:03 by Patti Millar