I have a Chase card which I had many low interest life of the loan balance transfers and a small very high interest balance. In an attempt to get rid of the high interest balance I paid a few dollars more than the high interest balance over my minimum payment. Under the new law (credit card reform) I was expecting all my payment over the minimum payment to go to the highest rate and maybe have a few cents interest left to pay off in the following month. While most of the payment over the minimum did go to the higher rate balance, all of it did not. Did I miss understand the law or is something unethical going on with my payment?
