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Old 26-03-2005, 13:48   #13
Xaccers
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Join Date: Jun 2003
Location: Milling around Milton Keynes
Age: 48
Posts: 12,969
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Re: Interesting story about credit card fraud

Quote:
Originally Posted by Graham
Yes. They're actually pretty much a scam by the card company because although they *look* like a regular cheque, if you use one to pay for something it counts as a "cash advance" on your credit card which means that unlike a regular card transaction where you might have up to 56 days before it starts running up interest, these accrue interest *immediately*!

Ah those ones, I know about those, as clearly stated in the documentation which came with my credit cards.

Sorry, I was worried from what gogogo was saying it sounded like barclaycard were sending out presigned blank cheques.
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