CreditCards Blog

Payments you make will normally reduce your balance in the following order:
1. Default sum charges and interest on default sums.
2. Promotional balances and fees.
3. Other interest fees and charges.
4. Standard rate purchases and balance transfers.
5. Cash balance.

How do transactions which appear since the last statement fit into this hierarchy?
eg you receive a statement saying you owe 1000, but then you spend 100 on the card, but only pay off 1000



Also, I have a 0% balance transfer which expires in Jan 2009 according to my statement. Should I assume 1 Jan 2009, the Jan statement date, or the minimum payment due date?

Thanks

I wonder if anyone can help with this?

I would have thought that a normal purchase would be paid off at the standard rate purchase stage.

as you have not been billed for the 100, the 1000 will come off the balance you were billed for first.