If I have Balance Transfers at different rates, which one does my credit card payments get applied to first?

If I have Balance Transfers at different rates, which one does my credit card payments get applied to first?

We will apply payments firstly to:

  • Monthly Instalment(s) for Fixed Payment Options due in the current Statement Period (if applicable); and then
  • to the portion of the Closing Balance of your most recent statement which attracts the highest interest rate; and then
  • to the portion of your balance which attracts the next highest interest rate;
  • and so on.

Payments are then applied to balances that have not yet been billed on your statement in a similar fashion.

Daniel Thompson
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