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If you have different balances with different rates on the same credit card can you choose which to pay down first?
Wiki User
∙ 8y ago
As far as I know, there is no law about this, and it will be governed by your agreement with the credit card company. It will be in the fine print. The interest rate. You will pay off that entire balance before starting to payoff the next lowest balance. This is the situation with my own credit cards. It's rather sleazy, but I don't think it's illegal.
No. They pay down the lower APR balances first. Every credit card I've had, has said this in the agreement.
It depends on the credit card agreement. As was already said, it will be in fine print, or in one of the revisions that they send you with you bill that usually gets thrown away. I always pay my credit cards off every month, avoiding interest. However, earlier this year I was in a pinch and used by business card for a cash advance at a lower promotional apr. I also charge regular monthly charges as well. I paid the total monthly charges, plus an extra $300 per month toward the cash advance. The problem was that the credit card company charged me the high apr for the purchases and never paid them off. I called and complained and they did nothing about it. So be VERY CAREFUL in taking promotional cash advances! They should ONLY be used for accounts that you will otherwise not use and currently have a zero balance.
Wiki User
∙ 8y ago
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How does one apply for a Shell Credit Card?
There are two different options to apply for a Shell credit card. First, you must choose between a business or personal card, then you can apply online or by phone for a Shell credit card.
When should someone open their first credit card?
In my opinion, as soon as possible as length of credit history is a key factor in credit ratings. But if you're going to misuse the credit (run up large balances, default on monthly payments) then don't do it. Bad credit is harder to fix than no credit.
If you have several small balances on your credit report can you negotiate to pay these and have them removed?
Credit accounts aren't removed until 7-10 yrs. after they are first reported and/or paid in full depending on which type of account it is.
Pay Credit Card Bills First To Save Money?
Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.
How do you balance transfer from one credit card to another?
In order to transfer your balance from one credit card to another, it is best to first review all of your credit cards, their limits, how much you owe, and various benefits of each card. Then, transfer higher rate balances to cards with lower rates.
How does one apply for a Shell Credit Card?
There are two different options to apply for a Shell credit card. First, you must choose between a business or personal card, then you can apply online or by phone for a Shell credit card.
When should someone open their first credit card?
In my opinion, as soon as possible as length of credit history is a key factor in credit ratings. But if you're going to misuse the credit (run up large balances, default on monthly payments) then don't do it. Bad credit is harder to fix than no credit.
What the range of the cheap credit?
The cheapest credit cards offer up to 27 months of interest fee balances after activation of the card. After the first 27 months, the interest rate will be 18.99% per annum.
If you have several small balances on your credit report can you negotiate to pay these and have them removed?
Credit accounts aren't removed until 7-10 yrs. after they are first reported and/or paid in full depending on which type of account it is.
Which company offers the best no fee credit card?
First Command bank offers the best no fee credit card. Not only does it not have fees, it has a 6% interest rate on balances and they even have a free rewards program.
How can you make sure that you qualify for guaranteed car finance?
The first thing to do is to get a copy of your credit report. If your score is below 550, you may need to apply for a bad credit loan which would have you paying very high interest. In this case, clean up your credit first. Get rid of credit cards that you don't use or ones that have low balances.
What is the typical procedure to transfer balances on credit cards?
You can use their website but you should first sign up for an account. You can also call the company to transfer balance.
When was checks and balances first put in test?
"Checks and balances" was first put to test in 1748 the Roman Republic.
Spend Less By Paying Credit Card Bills First?
Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.
Pay Credit Card Bills First To Save Money?
Today, it is possible to purchase preloaded credit cards that work like a plastic bank account. Users place money on deposit with the credit card companies for a price, and pay fees each time that the credit card is used. When the amount of the deposit is spent, the credit card will no longer work. The pre-pay credit cards help consumers to budget their available money while using their credit cards to shop. When consumers choose to pay their credit cards first, before shopping, this can help them to stay away from financial difficulties. The consumers who use traditional credit cards are chancing large fees and payments if their current financial situation suddenly changes before the credit card balances are paid off.
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Should I get another credit card?
You should first take a look at your personal financial situation. First take a look at your credit score to see if you will even be approved. Determine if you need one or not. Getting another card will help raise your score if you are able to keep the balances down.
