Post dating a check


Even if you use it and pay it off in full every month, that's still considered a balance for credit report purposes.One good reason to close it might be if there was a new annual fee. Only you can decide whether the ding to your rating is worth whatever you gain.



The Question: We've had a GM Master Card for 14 years and have purchased two cars with our "earnings," most recently in February. What can you tell us about the wisdom in closing this account?

The checks usually aren't cashed until the first of the month and they clear my account on the second or third. Key and my landlord both said, "Too bad," and said postdating checks is illegal, anyway. There are no Federal Reserve regulations, which cover banking, that govern the payment of post-dated checks, said spokeswoman Anne Di Teodoro.