Credit and Debit Cards
Credit

If you have two different APRs on one credit card why does any payment you make go to the lower APR balance?

User Avatar
Wiki User
2006-08-15 05:27:22

This Is A Complicated Question As I Read It. It Would Seem You

Have A Gotten Cash On The Card Then You Have Charged Items. They

Will Make You Pay For The Cash First Because It Is Getting Them

More Interest, When It Is Paid, You Then Will Pay On Items Charged

On The Card. Of Course You Will Recieve Checks In The Mail, Phone

Calls, Ect. To Keep You Getting Cash So You Never Pay On The

Charged Items. So They Can Make More Money. I Hope This Helps


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.