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voidman wrote:
Ok, I know the part that one CCC transfers a $xxx to another CC account.
now how is the payment done for the amount transfered.
If i transfer 1000k from one CC A to CC B, and charge $30 on CC A
(BT is 0% for 12 months)
so now the CC A has a balance of $1030. Every month I would pay say $100, now as per CC agreement, the payment is applied to the lowest interest charge first. So i would be paying the 1000 BT and not the $30 charge. So after 10 months, I would have paid of the BT amount but now I might have 10 months finance charge for that $30 I charged.
any insight on this?
Thanks,