If I have Balance Transfers at different rates, which one does my credit card payments get applied to first?
We will apply payments firstly to:
- Fixed Payment Options Monthly Instalment(s) due in the current Statement Period (if applicable); and then.
- to the portion of the Closing Balance of your most recent statement which attracts the highest interest rate; and then
- to the portion of your balance which attracts the next highest interest rate;
- and so on.
Payments are then applied to balances that have not yet been billed on your statement in a similar fashion.