ryan h asked:
say i have $100 as cash advance on credit card and $5000 debt on that card also. i can’t pay the card off entirely, but how do i pay off the cash advance first while still paying the credit card itself?
can i call the credit card company and get them to do it? or is that not possible?
say i have $100 as cash advance on credit card and $5000 debt on that card also. i can’t pay the card off entirely, but how do i pay off the cash advance first while still paying the credit card itself?
can i call the credit card company and get them to do it? or is that not possible?
You can’t, the credit card company determines which part of the debt gets paid off first, and guess what, they always choose the low interest portion.
Nope, your payment always goes to the lowest interest first.
Not only do you have no say in this, but you agreed to it when you signed the credit agreement for the card. It’s all right there (in small print). They always pay off the low interest charges first.