Well thanks for the input, but maybe I should clarify my problem. First of all, I'm not concerned with fixing the checkbook cover. I know that's not going to happen.
Second, I'm not willing to write off Eco-Flo products or any other water based product for that matter. If they didn't work no one would use them; plus, I already have a lot of Eco-Flo products on hand.
Thirdly, and this is my dilemma: I did use Super Shene on the cover. After it got wet and spotted, I tested some dyed scraps using up to three coats of Super Shene. The dye still bled when I put a drop of water on them. I thought that's what a finish was suppose to prevent.