We got this “Christmas Gift” in the mail from Chase Bank probably because our Visa Balance is zero dollars and they are not making any interest income from us. Near the top of the first check is “Use these checks to reduce the amount of interest you pay”.
If you read further, you will find out that these “checks” are just another way for Chase Bank to charge you for a Balance Transfer. The standard fee for balance transfers is is either $5 or 3% of the check amount(Balance Transfer).
Deception is the name of the game in all forms of advertising AND in financing. Chase Bank is hoping that you will just think the checks are interest free loans. They are hedging that you will not read about the Balance Transfer Fees and then be stuck paying those fees after you have written the check.