It’s getting close to the holiday shopping season. I have received several convenience checks from my credit cards. These convenience checks are usually treated as cash advance which carries a fee. They also make the grace period on purchases disappear. I usually just shred them.
I called my credit card company about something else yesterday. While I had the agent on the line, I asked her if they can stop sending me those checks because I will never use them. To my surprise, she said yes. They don’t advertise it but they do have an opt-out list. They can exclude you from the convenience checks mailings only if you ask. Perhaps not all credit card companies have a list like that, but if you hate those convenience checks like I do, it’s worth a phone call.
For the record, the company I called is FIA Card Services. If you have success doing the same with your credit card company, please put the name of the company in the comments. We will make a list of companies which allow opting out of convenient checks mailings.
Say No To Management Fees
If you are paying an advisor a percentage of your assets, you are paying 5-10x too much. Learn how to find an independent advisor, pay for advice, and only the advice.