credit card cheques

[Never-In-Doubt]

Re: credit card cheques

Again thats not defined as restricted

for a credit product to be restricted it would need to only be acceptable at a select few retailers for example my old comet store card could only be used in a comet store hence it was restricted

An Amex may be less widely accepted than Visa or Mastercard but its not restricted at all

Exactly

A restricted credit would usually refer to catalogue, store card, etc as it literally allows you to use finance from company A in a shop owned by company A (or that provides credit to such a company)! Best example is the sorry state of M&S cards where it literally could ONLY be used in M&S but when they swapped to MasterCard it was no longer restricted to within M&S.

CC cheques are issued by company A but you can cash them anywhere thus there is no restriction.

[oscar]

Re: credit card cheques

Thats true, but, there are many places that do not accept American Express.
Alan

The only reason they do not accept them is due to the higher merchant / transaction fee. If they have the capability of accepting Visa / MC, then they CAN accept Amex - they just choose not to.