Know the costs of convenience

Convenience checks are blank checks you might get in the mail from your credit card company that allow you to write a check for payment. This check payment shows up as a charge on your credit card statement. These credit card checks offer a quick way to write yourself a loan (also known as a cash advance), pay bills, or transfer other loans and card balances to your credit card account. These checks generally have different fees or interest rates than other credit card purchases, so be sure you know the costs associated with this convenience before you make it a practice