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Author: AntiTrader Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308881  
Subject: Re: CC Convenience Checks - BEWARE Date: 12/14/1999 4:32 PM
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John;

I don't think that I would do this either. The reasoning was based on the idea that the card was prepaid with a $3000 positive balance. It would act as a Debit card and you are only taking back your own money (in theory). I am sure the CC companies would not see it this way either. I am sure that it would have to be a circumstance where the fee is waived as you suggested.

Dale had just said that he had done it successfully and I was curious about the details. I am sure there are special exceptions as to when it would work as you have suggested, but as a general rule of thumb I would consider this move shakey at best.

Brian
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