@Anonymous wrote:So my school closed for a few days last week which delayed my financial aid so I had to get a cash advance of $300 on my PenFed Promise so I could pay rent. I just got the cash but im wondering if:
Since I already had a $400 balance then can I pay $300 so the interest doesn't stack like crazy and have the CA paid off
or
Since I already had a $400 balance that PenFed will apply my payment to my previous balance and charge me interest everyday
I guess what im asking is if I need to pay the full $700 or if I can do $300 and not get charged everyday. Thanks
Simply put, any amount you pay over the minimum is required (by the CARD act) to go towards the highest APR balance first. 
http://www.creditcards.com/credit-card-news/payment-allocated-different-interest-rates-1586.php
@Anonymous wrote:So my school closed for a few days last week which delayed my financial aid so I had to get a cash advance of $300 on my PenFed Promise so I could pay rent. I just got the cash but im wondering if:
Since I already had a $400 balance then can I pay $300 so the interest doesn't stack like crazy and have the CA paid off
or
Since I already had a $400 balance that PenFed will apply my payment to my previous balance and charge me interest everyday
I guess what im asking is if I need to pay the full $700 or if I can do $300 and not get charged everyday. Thanks
How much interest did you pay?! I'm just curious... cause if I had know about this earlier I would have advice an alternative option lol. It's way cheaper to borrow my way than any other way I've found 
@Anonymous wrote:
@Anonymous wrote:So my school closed for a few days last week which delayed my financial aid so I had to get a cash advance of $300 on my PenFed Promise so I could pay rent. I just got the cash but im wondering if:
Since I already had a $400 balance then can I pay $300 so the interest doesn't stack like crazy and have the CA paid off
or
Since I already had a $400 balance that PenFed will apply my payment to my previous balance and charge me interest everyday
I guess what im asking is if I need to pay the full $700 or if I can do $300 and not get charged everyday. Thanks
How much interest did you pay?! I'm just curious... cause if I had know about this earlier I would have advice an alternative option lol. It's way cheaper to borrow my way than any other way I've found
curiouser and curiouser
@elim wrote:
@Anonymous wrote:
@Anonymous wrote:So my school closed for a few days last week which delayed my financial aid so I had to get a cash advance of $300 on my PenFed Promise so I could pay rent. I just got the cash but im wondering if:
Since I already had a $400 balance then can I pay $300 so the interest doesn't stack like crazy and have the CA paid off
or
Since I already had a $400 balance that PenFed will apply my payment to my previous balance and charge me interest everyday
I guess what im asking is if I need to pay the full $700 or if I can do $300 and not get charged everyday. Thanks
How much interest did you pay?! I'm just curious... cause if I had know about this earlier I would have advice an alternative option lol. It's way cheaper to borrow my way than any other way I've found
curiouser and curiouser
I share my secrets seldomly lol. I will tell you the perks though less than 2%, maximum of $1000 but hey, you can borrow as much as you have but that's up to you and whether you'd like to fly under the radar. On top of that, LONGER PAYMENT TIME. I'm talking 6 months at the least. Interesting right? I've learned so much from this forum that I've found very creative things I can do with my credit cards. It's great when you are in a pinch and I would know because I was a college student living on ramen with no job!!!!
@Anonymous wrote:
@elim wrote:
@Anonymous wrote:
@Anonymous wrote:So my school closed for a few days last week which delayed my financial aid so I had to get a cash advance of $300 on my PenFed Promise so I could pay rent. I just got the cash but im wondering if:
Since I already had a $400 balance then can I pay $300 so the interest doesn't stack like crazy and have the CA paid off
or
Since I already had a $400 balance that PenFed will apply my payment to my previous balance and charge me interest everyday
I guess what im asking is if I need to pay the full $700 or if I can do $300 and not get charged everyday. Thanks
How much interest did you pay?! I'm just curious... cause if I had know about this earlier I would have advice an alternative option lol. It's way cheaper to borrow my way than any other way I've found
curiouser and curiouser
I share my secrets seldomly lol. I will tell you the perks though
As long as it's legal, why not share?
We're all here to swap 'war stories' and help each other learn better ways to do things, after all.
I wonder how your creditor could not possibly know what you are doing with their card if they would have records of any transactions of said card. Interesting indeed
Well... that's the thing. My transactions are nothing strange 
I'll put it this way, I could simply buy a TV with my card and sell it and make money. My creditor can only see that I bought the TV but will never know I sold it it's something along those lines LOL and stop with the questions haha IT'S MY SECRET LOL
I'll put it this way, I could simply buy a TV with my card and sell it and make money. My creditor can only see that I bought the TV but will never know I sold it it's something along those lines LOL and stop with the questions haha IT'S MY SECRET LOL