When offered a balance transfer credit card deal can you write the balance transfer check out to someone and they in turn cash it and put it into their bank account?

Answer

If it does not state specifically what the check is for, yes. However, it will be considered a cash advance. That type of transaction generally come with service charges and a limited time interest rate. I would check the terms of contract carefully before using a cash advance offer.

Answer

Nikki is correct. It would be considered a cash advance and that generally carries a MUCH higher percentage. Usually 19-22% Definitely look into it.

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First answer by Nikki. Last edit by anonymous. Question popularity: 50 [recommend question]

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