How do I pick and choose what I want to pay on a credit card?
by Author on Friday, August 20th, 2010 | 5 Comments
I have a circuit city card and have a computer and a tv purchase on there with no interest financing. I also have various other things on there collecting finance charges. If I made a large payment would I be allowed to pay off the items accumulating interest instead of the items with no interest? Because know when I make payment all of it goes towards the tv and the computer and they are just piling on the finance charges on the other items.
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Read your credit card agreements fine print regarding the application of payments. Most if not all of them earmark the funds to pay the non-interest bearing portions of the balance first and any residual funds will be placed on the interest accruing portion of your balance with the appropriate interest and fees charged.
Sorry- there is no choice.
i hope dis will helps u……..i got from this only……..
Sorry, you are not allowed to pick what you apply the balance to. When you make a payment, the payment is applied to the no interest first and interest accruing second.
You could try transfering the balance to another credit card. Amex Blue is offering 0% APR for 15 months. You can get more info on the deal at http://www.creditcardindex.org
nope all payments will be applied to the non interest bearing items first…check your member agreement–the company will get its money
If all the items are on the same credit card – you may be charged credit on them all – this is how they make their money – by charging interest on things you bought after the ‘interest free purchase’ – this is small print – when you buy the item they will ask you to sign something which will explain all this – not many people actually read it or understand the implications