How does this work?

[northface28]

If you were to transfer a balance of $2k (0% offer) to a card with a $5k balance, how would the payments be determined?

[Anonymous]

It should say in that contract.  Mine states that anything over the minimum payment goes to the existing balance and after it is paid, the others will go toward your BT.  Should be true for all?  I've done 4 right now.  Very quick & no problems. 

[Imperfectfuture]

Depends on the card, terms of current balance, apr, etc. More info needed.

[northface28]

Ok. It would be from a discover card a ($2000 balance) to a capital one card with a $5k balance at 16% APR. The BT would be 0% for 12 months. Colleague asked me and I'm stumped.

[Imperfectfuture]

The original balance carries the regular apr. There is obviously no grace period here. The 2k would be line itemed separately on the bill at 0% until the end date of offer.