I have an account with Citi Financial for a Rooms to Go purchase. It was a promo offer for 3 years no interest/no payments. I paid a good portion of it down but not all and the promo expired so the APR went to 24.99%. I called to try and lower it but was unable so I balance transfered it to another account for 3.99% till it was paid off (3%, fee based on amount transfered $2000).
Here is where I screwed up. I had already balanced transfered a large amount to the same account for 2.99% in the amount of $10,000. What I hadn't realized when I had done the transfer for the $2,000 was all of the payments I make will go to the lower APR first until it is paid. In the mean time that $2,000 is going to be accruing 3.99% of interest until the $10k is paid.
Once this error was realized I called them up and asked to have the $2k moved to another promo that was 0% APR for 6 months (I can have it paid off by then). She came back and said I would know in 5-7 days if they would/could move it. Kinda odd but we will see. In any case if they don't I think I can just BT the whole $12k and then BT it back after a month. Granted I will incur fee's but only $400 ($199 max both ways) worth which is better than racking up 3.99% over several years.
The game continues...
