What do Convenience checks mean?

A convenience check is a check that is not linked to the client’s credit line, and can be used exactly like normal checks that are linked to the client’s checking account. Convenience checks can be written in any amount, provided that the consumer does not surpass the his or her credit limit.

These types of checks are basically treated like cash advances, therefore they have the same disadvantages as advances have. A convenience check does not generally have a grace period. This initial phase is usually there so consumers are not charged for interest, but since this is not applicable most of the time, it means that clients will incur financing charges even from the first day of the transaction up until the convenience check is paid.

Also this type of check has an interest rate that significantly surpasses other banking rates that are on balance transfers or even purchases.