Cancel a credit card cheque?

zuleika_2

Hi, this is my first time so I don't know if i'm doing this right!!?? But my question is, can I cancel a credit card cheque? Used one the other day to pay of a something I bought and today in the post I have received a special offer from barclaycard in the form of a cheque for 6.9% interest for the life of the balance! Want to cancel the original cheque at higher rate and use special offer one. Can I do this? Any advice would be greatly appreciated.

bengal-stripe

You cannot cancel a credit card cheque.

If the receiver hasn’t banked the cheque yet, maybe you can exchange the original for another one.

BMWobbleU

zuleika wrote: »

Hi, this is my first time so I don't know if i'm doing this right!!?? But my question is, can I cancel a credit card cheque? Used one the other day to pay of a something I bought

Nope too late now. If your cheque had been lost or stolen, that's different.

smithja

I would contact the credit card company that issued the cheque, as you cannot use the cheque guarantee scheme to guarantee a credit card cheque as far as I am aware, and they will certainly bounce them if you dont have the available credit, so I can see no reason why you should not be able to stop one before it is paid like any other cheque. You are simply revoking your instructions to pay it. Or you could just in the first instance report it as lost (say in the post, maybe, or you lost the letter on the way to post it, then when it is presented it will be stopped and if asked you can say some nice soul must have found it and posted it for you, in these circumstance you are doing exactly what is written at the top of the screen "consumer revenge", no one is getting hurt, everyone gets paid, and you pay less interest), it will be returned unpaid and then send off your new cheque, there is no legal problem with this are you have always intended to pay and will be paying, so its not any kind of fraud. It is in your best interest to do this, the other option is using your new cheque to pay off your credit card on which you used the more expensive cheque, but I would check the terms and condition to see if this is allowed. James
Edit: often what a company says you can do and what you can really do are two different things, I think in law, a cheque is a cheque is a cheque regardless of where it came from and they must follow the same laws for all of them, which take precedence over the terms and conditions which may well say you cannot cancel one after you issue it, but as I said they will soon enough bounce it if you dont have the available credit to pay for it. James