Credit Card Convenience Checks: What You Need To Know
Some credit card companies relentlessly send some customers convenience checks. Their purpose is two-fold: the credit card company wants to provide their good customers with a convenient way to pay for purchases and get some cash and they also hope to make more money in fees by your having used these checks for a cash advance. While it may seem like a tempting convenience, some customers find the fact that the company is sending these checks an annoyance as well as a security risk. Fortunately, there are things you can do to stop this and to protect yourself. The good news is your security is really not facing tremendous risk, but still, however it is prudent to be careful.
Stop the Madness
If you absolutely do not plan to use these convenience checks and would prefer not to receive them, tell the credit card company. Call the customer service number on the back of your card and make sure they know that you want this to come to an end. You will still receive checks for up to 90 days, as there is a delay between your request and getting your name off the list of customers to send to, but at least you have taken the step to eventually bring this practice of sending checks to your doorstep to a halt.
Security
It can be alarming to know that your credit card company is sending blank checks that could sit in your mailbox for hours while you are out of the house. On the off chance that a thief is around, they might be thinking “Jackpot!” No worries. You generally will not be held liable for fraud on these convenience checks. Thieves will find out that their so-called jackpot really isn’t so. The credit card companies have verification processes in place such as calling the customer and matching signatures, as well as stores who won’t take a check from someone other then the rightful person and demand ID as well as often wanting to see the credit card that corresponds to the check.
The micro-printing on the checks makes it very difficult to duplicate them, therefore, counterfeits will easily be detected. Still, if you have lingering worries, put a stop to the sending of the checks and be sure to shred up the ones that continue to come until the company puts a complete stop to it.
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