Certified Compensation Professional (CCP) Electronic Transactions Association (ETA) 2025 – 400 Free Practice Questions to Pass the Exam

The primary feature of convenience checks issued by credit card companies is that they require a verification number for usage. These checks are designed to provide cardholders with a way to access their credit limits for transactions where a traditional credit card may not be accepted, such as paying bills or making purchases directly from merchants that do not process credit card transactions. The verification number serves as a security measure to help prevent unauthorized use and to confirm that the transaction is valid and authorized by the cardholder.

When using these convenience checks, the cardholder needs to ensure that they include the verification number, which is typically found on their credit card statement or in their account information. This added layer of security helps both the credit card issuer and the consumer maintain safe and secure transactions.

While the other options may touch on aspects of convenience checks, they do not accurately represent the defining characteristic of how these checks function and are used. For example, convenience checks are often not interest-free, especially after a certain promotional period, may not solely be for online purchases, and they differ from traditional checks in terms of their connection to a credit line rather than a direct bank account.