Goldfish CC Cheques

Beancounter

My wife received some Goldfish cheques last week with a 0% for 9 months deal and a 2% fee. The wording on the cheque suggests we can use these to pay bills within the deal, can she write a cheque for me to bank and stooze this cash for the 9 months? I thought cheques had different terms to normal transfers but the wording on this seems to suggest otherwise.

Moggles_2

Beancounter wrote: »

I thought [credit card]cheques had different terms from normal transfers, but the wording on this seems to suggest otherwise.

What does the wording on the cheques say?

Beancounter

Moggles wrote: »

What does the wording on the cheques say?

"you pay the same rate no matter how you use your cheques. All we charge is a handling fee of 2% (min £3) for each cheque you use or transfer you make."

On the back in the financial info it says more or less the same " the promo rate of 0% applies for 9 months from the date a balance transfer is made or a cheque is presented for payment"........ " a fee of 2% per cheque will be charged" .....

.....which I guess answers my question

Moggles_2

So they can be used to settle bills or pay off another credit card, but what happens if you pay one into your bank account?

Perhaps it's my suspicious mind, but if your Ts & Cs do not clarify this, I'd ring Customer Services, if I were you and see what they say. You don't want to be stung for a cash withdrawal :eek:

Beancounter

This is what I was thinking too. I will get this clarified before I use them. Been stung by this sort of thing before, hence my apprehension at using them

YorkshireBoy

Beancounter wrote: »

"you pay the same rate no matter how you use your cheques..."

Seems pretty clear to me. Just pay it into your own account. If you're worried about your name being on the cheque, then 'launder' it (using the term loosely!) through your married daughter's or mother-in-law's account.

Have you done your sums* though, because, for example, a £4,000 cheque transfer will probably make you less than £50 over the 9 (or more accurately 8-8.5) months.

If you do go ahead, be sure to clear any current balance on your card first to avoid any 'allocation of payment' issues.


* www.stoozing.com/calc.htm