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On Balance, You're Screwed
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As the laws change to make credit card issuers play fairer with consumers, the issuers find other ways to stick it to you. Here's one: They found a way to game the system by applying your payments first to the lowest interest rate balance you have. Explanation: In a lot of cases, your balance is split among multiple interest rates. Some might carry a promotional low rate, some might be cash advance, but there's, say, part that's at 26% and part at 11%. When you send in your payment, they apply everything up to the minimum payment to the 11% balance. That leaves the higher rate balance growing unless you pay a LOT more than the minimum. And that also leaves them making more interest money at your expense.
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