topic Re: WF Superchecks in Credit Cards

WF Superchecks

Jonnynum5 — Sat, 02 Aug 2025 18:57:13 GMT

Does anyone have experience with the WF superchecks 0% Apr. family member has a high balance on the card. They would like to pay off the balance from savings and use a super check to pay themselves back to them get the 0%. I don't see any terms in the material where that would be an issue. I'm just wondering would they lower the credit limit if it gets paid off.

Re: WF Superchecks

JoeRockhead — Sat, 02 Aug 2025 19:22:39 GMT

This is a bit confusing. Is the card account associated with the super checks new, and on a 0% introductory offer?

By paying one's self it could be construed as a cash advance and not a balance transfer, so I'd recommend you read their clause on cash advances being they're generally excluded from 0% offers. In addition the amount you can take on a CA are usually restricted as well and they can also be seen as a red flag with some lenders.

Re: WF Superchecks

Jonnynum5 — Sat, 02 Aug 2025 19:38:32 GMT

Sorry for the confusion. It is an old account. The "superchecks 0% offer" said they can be used for anything. For example, cc has a 5k balance. Pay off the 5k with savings and pay yourself back the 5k with the supercheck offer that's 0%.

Re: WF Superchecks

JoeRockhead — Sat, 02 Aug 2025 19:50:57 GMT

@Jonnynum5 wrote:
Sorry for the confusion. It is an old account. The "superchecks 0% offer" said they can be used for anything. For example, cc has a 5k balance. Pay off the 5k with savings and pay yourself back the 5k with the supercheck offer that's 0%.

If they've said it's OK to do that, then I would think there would be no problem. My biggest concern was if they treated it as a cash advance which as I stated is generally excluded from such offers... but, if that offer is in writing and there's no other nefarious "fine print" to the contrary, you should be good.

Re: WF Superchecks

NoMoreE46 — Sat, 02 Aug 2025 20:18:48 GMT

Your friend can use those checks to take advantage of the 0% offer.

S/he can write the checks to themselves to be depositted. Keep in mind there is BT fee.

What is the current balance vs

CL and with Whom?

How long has this balance been carried?

Re: WF Superchecks

Jonnynum5 — Sun, 03 Aug 2025 00:56:04 GMT

I believe it's a decent util on the card, it's about to come off the promo 0% from opening it. It's with WF.

Re: WF Superchecks

NoMoreE46 — Sun, 03 Aug 2025 14:15:16 GMT

Is this savings account also with WF?

@Jonnynum5 wrote:
Does anyone have experience with the WF superchecks 0% Apr. family member has a high balance on the card. They would like to pay off the balance from savings and use a super check to pay themselves back to them get the 0%. I don't see any terms in the material where that would be an issue. I'm just wondering would they lower the credit limit if it gets paid off.

Re: WF Superchecks

AndrewF — Wed, 06 Aug 2025 04:20:59 GMT

@JoeRockhead wrote:
This is a bit confusing. Is the card account associated with the super checks new, and on a 0% introductory offer?

By paying one's self it could be construed as a cash advance and not a balance transfer, so I'd recommend you read their clause on cash advances being they're generally excluded from 0% offers. In addition the amount you can take on a CA are usually restricted as well and they can also be seen as a red flag with some lenders.

I got some recently that said pay other, or yourself, and it qualified for the 0% as long as they clear by August 28th. But there's the 5% fee obviously otherwise it would be a no brainer to cash it, put it in a CD, and pay the principal back later on

Re: WF Superchecks

NoMoreE46 — Wed, 06 Aug 2025 16:54:41 GMT

There are CDs that pay > 5% ?

@AndrewF wrote:
@JoeRockhead wrote:
This is a bit confusing. Is the card account associated with the super checks new, and on a 0% introductory offer?

By paying one's self it could be construed as a cash advance and not a balance transfer, so I'd recommend you read their clause on cash advances being they're generally excluded from 0% offers. In addition the amount you can take on a CA are usually restricted as well and they can also be seen as a red flag with some lenders.
I got some recently that said pay other, or yourself, and it qualified for the 0% as long as they clear by August 28th. But there's the 5% fee obviously otherwise it would be a no brainer to cash it, put it in a CD, and pay the principal back later on

Re: WF Superchecks

fm92555 — Thu, 07 Aug 2025 00:24:24 GMT

@Jonnynum5 wrote:
Does anyone have experience with the WF superchecks 0% Apr. family member has a high balance on the card. They would like to pay off the balance from savings and use a super check to pay themselves back to them get the 0%. I don't see any terms in the material where that would be an issue. I'm just wondering would they lower the credit limit if it gets paid off.

I am confused.

Pay outstanding balance "A" from savings "B". Then deposit Supercheck into "B" to recoupe funds @0%.

Why not just pay "A" from Supercheck and keep the cash?

Re: WF Superchecks

NoMoreE46 — Thu, 07 Aug 2025 01:31:22 GMT

The cc debt and the Superchecks are

from the same issuer.

@fm92555 wrote:
@Jonnynum5 wrote:
Does anyone have experience with the WF superchecks 0% Apr. family member has a high balance on the card. They would like to pay off the balance from savings and use a super check to pay themselves back to them get the 0%. I don't see any terms in the material where that would be an issue. I'm just wondering would they lower the credit limit if it gets paid off.
I am confused.

Pay outstanding balance "A" from savings "B". Then deposit Supercheck into "B" to recoupe funds @0%.

Why not just pay "A" from Supercheck and keep the cash?

Re: WF Superchecks

Yasselife — Fri, 08 Aug 2025 10:09:22 GMT

I don’t have a relationship with WF myself, but from what I’ve seen with similar offers, your plan could work as long as the terms don’t specifically prohibit it. Paying the balance from savings first, then using the supercheck to get the 0% rate, makes sense in theory. The only thing to watch out for is that any issuer; WF included; could lower a credit limit after a large payoff, even if the account is in good standing. It’s not guaranteed they will, but it’s a possibility worth considering. I’d recommend confirming directly with WF before moving forward.

Re: WF Superchecks

NoMoreE46 — Wed, 13 Aug 2025 02:49:19 GMT

Family member can use the funds from the WF Savings account to pay off the WF cc debt. No problems here.

The issue will be if the Family member deposits the Supercheck (assuming from the same cc that was just paid off) into that WF Saving account thereafter. If WF happens to look into these transactions, it would be obvious that the Family member is gaming the Superchecks.