Back To The Same Old Grind

The festive season is well and truly over now, and we’re all back to the same old grind. But here’s something worth remembering for next year: Santa Claus doesn’t always arrive on a sleigh!

Courtesy Cheques often arrive in the post attached to your monthly credit card statement. They can provide a perfect means for you to immediately transfer a whacking great balance from your most exploitative credit card.

However, you’ve really got to read the small print on any such offer before you sign the dotted line. Some companies have special rules for transfers done with courtesy cheques. For example, they might not give the same grace period or interest rates as you would get if you’d purchased something with your credit card. That means you get charged interest as soon as you make the transfer. Other courtesy cheques offer the same immediate lending opportunities – but at higher rates. So beware! It is never wise to use one of these courtesy cheques without first reading the small print and ringing up the call-centre to find out exactly what the offer entails.