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credit card cheques

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Comments

  • johnllew
    johnllew Posts: 1,928 Forumite
    ajaxgeezer wrote: »
    Wouldn't they be a good way to try to generate a debt if you don't have one? A card which has no SBT facility but gives cheques could be used to generate a debt then immediately passed to another card?
    Yes, I've used credit card cheques for that purpose many times.
  • bubblybabe
    bubblybabe Posts: 121 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    johnllew wrote: »
    It might not be wise to be so hasty. Some cheques are worth having, particularly "P" cheques from Capital One. They are treated as purchases, benefit from the normal interest-free period and have no fee. You can write them to yourself, pay the money into your savings account and repay 7 weeks later. Nice little earner.
    so....if you issued a cheque for say £ 100 would you get £4 cash back??? if you were within the first 6months of the 4% cashback card.........??:confused::confused::confused::confused:
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