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According to the council, over 99% of the 59.9 million cheque guarantee cards in issue are also either debit or credit cards.

However, use of the cards is losing popularity, with just under 7% of the 1,400 million cheque transactions last year being supported by a cheque guarantee card.

The Payments Council suggested that more clarity for users and acceptors of the card needs to be created.

In order to do this, the council has decided to withdraw the scheme in two years, once the remaining users and acceptors are fully informed about the available alternatives.

Cheques will still be able to be used once the scheme has been continued.

However, most major high street retailers no longer take cheques. Debit and credit cards can provide an easier payment method alternative.

According to UK payments industry Apacs, cheques are not legal tender but are legal documents. Their use is governed by the Bills of Exchange Act 1882 and the Cheques Acts of 1957 and 1992.

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Credit Cards	0% Balance Transfers	0% Purchases	APR Representative (Variable)
	Tesco ClubCard Credit Card
	9 months	15 months	16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
	Virgin Credit Card
	20 months	3 months	16.8%
** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
	Barclaycard Platinum with BT
	22 months	3 months	17.5%
** 17.5% APR representative (variable). Based on a credit limit of 1200 and purchase rate 17.5% p.a(variable). **
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