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New balance transfer balance divided up into previous balance transfer balances

Posted on 8/16/17 at 8:30 am
Posted by Red5LSU
Knoxville
Member since Aug 2011
494 posts
Posted on 8/16/17 at 8:30 am
I recently paid off a credit card that had a standard purchase and two balance transfer balances. I then did a new balance transfer offer. However, part of it went into the standard purchase balance and the two previous balance transfer balances. Looking at my bill, I noticed that the 3 balance are about 90% of their original balance (ex. SPB was $455 now it is $45). Has anyone experienced this before. I sent a message to my credit card company Citi and I'm waiting to hear back.
Posted by 50_Tiger
Dallas TX
Member since Jan 2016
40119 posts
Posted on 8/16/17 at 8:39 am to
Hmmm

I know Citi doesn't allow certain card balances to be transferred in house but ive never heard of that. I have usually balance transferred from Citi to Chase and vice versa when I needed to in the past.
Posted by Red5LSU
Knoxville
Member since Aug 2011
494 posts
Posted on 8/16/17 at 10:51 am to
This was there response.
quote:

Any payment amount we receive in excess of the minimum amount due listed on your billing statement will always be applied to the highest rate balance until that balance is paid in full. If the Annual Percentage Rates are the same, the offer with the earliest expiration date will be paid first. If the expiration dates are identical, then the payment will be applied, lowest to highest, by the Balance Transfer offer number listed on your billing statement.


If I paid off the entire balance, why didn't the SP and previous BT balances go away?
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