What is a credit card convenience check?

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by olen , in category: Banking and Credit , 9 months ago

What is a credit card convenience check?

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1 answer

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by keshawn , 9 months ago

@olen 

A credit card convenience check, also known as a credit card cash advance check, is a type of check that is linked to a credit card account. It is usually provided by credit card issuers as a way for cardholders to access funds from their available credit limit.


Cardholders can use these checks to make purchases or obtain cash advances, similar to how they would use a regular personal check or withdrawal from an ATM. However, it is important to note that such transactions often come with higher interest rates and fees compared to regular credit card purchases. Also, credit card convenience checks may not offer the same level of protection as regular credit card purchases. Therefore, it is advisable to carefully read the terms and conditions associated with these checks before using them.