Stimulus Check By Credit Card

Mitch kime head of consumer payments at keybank recommends that people take advantage of their government stimulus check as a liquidity tool by using their credit cards to cover purchases they know they can pay off.

Stimulus check by credit card. About 4 million americans can expect to receive their stimulus payments through a prepaid debit card in the coming weeks the irs has said. Instead millions of americans are now receiving pre paid debit cards. A new wave of stimulus payments is hitting people s mailboxes.

The irs has until friday jan. That said you can still be strategic about how you use your stimulus money to pay for some of these expenses. 15 to deliver your second stimulus check of up to 600 by direct deposit mailed check or eip card.

But they re not coming in the form of checks. The treasury department said it would send debit cards loaded with stimulus payments to millions of americans this week. The card is called an economic impact payment or eip.

From the first round of stimulus checks when there were around 20 million payments still to be made the irs said it would send out four million of them using the debit cards 20 of that remaining. If you are one of the tens of millions of americans who qualify. Now nearly 4 million americans are being sent stimulus checks by.

Better known as stimulus checks the payments worth up to 1 200 per individual are meant to tide. Millions of americans have received economic impact payments or stimulus checks via direct deposit in their bank accounts. The irs has sent out more than 140 million economic impact payments guaranteed by the cares act.

Last week in a press release from the treasure department secretary steve mnuchin said the prepaid cards allow the government to send out stimulus payments more quickly than checks.