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Convenience Check
Explanation:
When you open a new credit card account, the company may send you a blank convenience check or transfer check so you can transfer a balance from an old card to your new card. A credit card company might send you convenience checks at different times throughout the year for purchases, as well.
Our Thoughts:
The APR for the convenience checks is can be higher than your regular APR -- consult your Card Holder Agreement and read the fine print on the check insert.