This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
“Reader Questions” are answered twice a week — Mondays and Fridays — by TPG Senior Writer Julian Mark Kheel.
Most folks use credit cards entirely for making purchases, and if you’re smart, you pay your balance in full every single month. But what about those credit card checks that sometimes arrive in the mail? Will using those checks also help you earn travel rewards, as TPG reader Dave asked us in an email…
A lot of credit cards will give you checks to use in addition to the plastic card. Do those checks usually count toward rewards points?TPG Reader Dave
Credit card checks, which banks variously refer to as “convenience checks” or “access checks” or “balance transfer checks,” can look really tempting, right? Well, there are two great reasons not to use them in an effort to earn points or miles.
The first reason is straightforward — you will not earn travel rewards when using a credit card check. Almost every credit card account specifically notes in its terms and conditions that only purchases earn rewards, and many specifically state that checks are excluded. Even the checks themselves will often have disclaimers along the lines of “miles cannot be earned with this offer.”
But the other reason not to use credit card checks — and this is separate from points and miles — is that unlike normal purchases made with a credit card, interest gets charged on credit card checks as soon as the transaction posts. That means you won’t get the usual “grace period” — the time between the purchase posting, your statement closing, and then up to as many as 30 days to actually pay the bill — before getting hit with interest. Instead, you’ll be paying interest right from day one.
Even if you got offered a low teaser rate with your checks or even 0% to start, the transaction fee for using the check — which can range from 1% to as high as 5% — means it’ll cost more to use the checks than it’s worth, especially since you’re not going to earn any points for the transaction anyway.
So, Dave, we don’t recommend using credit card checks at all since you can’t use them without paying some sort of interest or fee. But even if you decide to go ahead and use one, you can definitely assume you won’t get any travel rewards for doing so. Sorry for the bad news, but thanks for the question, and if you’re a TPG reader who’d like us to answer a question of your own, tweet us at @thepointsguy, message us on Facebook or email us at email@example.com.
Featured image by Tetra Images via Getty Images.
The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
- As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Terms Apply.
- See Rates & Fees