Ziay!

Dina

have to answer to this question for my class, but I don't have any info about credit card problems. I hope you guys can help me.

4) Yur bank offers you a new option--National Card Checks. It says you can use these just like checks and there is no charge to sign up for the convenient service. A few personalize checks are provided in the mailing. Should you accept??

AnnaBelle

Okay, credit cards do this a lot. There is "no charge to sign up," but the consumer is charged interest on the "checks" they write, from the day they write the check, until they pay the bill. There is no waiver for paying the bill in full on the due date, as there often is for ordinary purchases.

And sometimes the interest rate is different on the checks than on your regular balance.

HTH

Snoopy

That really depends on the details included -- the agreement with it. Are they processed as cash advances? If so, you should probably not use them, as these tend to have higher interest rates. If they are handled as balance transfers, you need to consider what the balance transfer fee is...