@Anonymous wrote:
Thanks for the info. I did think of that after I called in the balance transfer. I hope to have all of this paid off in about 3-4 months, so hopefully, it won't hurt me too bad. I should have the $500 balance that was on my statement paid off this month. I wasn't sure how that worked if it was paid in the grace period, since the BT won't show up until my next statement. Will I be okay or will they still apply my payment to the lower rate first? Thanks!
Your BT will post at some point before your next statement, and if you check online you'll be able to see exactly when it posts. But as soon as that BT posts any payment you make will go towards the BT, not the $500 balance you already have there. To prevent that from happening you need to pay the $500 before the BT posts, not before your next statement. If there's anyway you can pay the $500 off before then, even if you have to borrow it, do it.
