Free Checks in the Mail

I got this check in the mail for $20 should I sign it and cash it?

This is a common question we get form people who get these programs from their credit card companies where they send you a check for $2.50, 5.00, 10.00, or some small amount then they lure you into some 1 month to 3 month trial. These offers will con you into cashing the check for the fast cash but then when you forget to cancel your service you signed up for within the alloted time period then your charge card is subjected to a fee of sometimes 49.99 to 79.99. Ouch! So that free check you cashed was nothing compared to the nasty charge you just got on your credit card statement when you forgot to cancel this service. I would keep away from cashing any free checks that come in my mailbox just for the fact that unless I am interested in the service I do not want to waste my time trying to cancel it just for that free amount of money. Sometimes time is more important.

Other Credit Card related Information: Credit Card Tips, Online Applications for Credit Cards, Chase Rewards Cards, Gas Tips