- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
Wow. That's an interesting question. I would almost bet that the payment will be applied to the balance held under the promo rate that is expiring later (which would be to the bank's advantage). I say that because technically both rates are the same so neither is higher and I really doubt that anyone in congress foresaw such a situation so as to address it in the legislation.
On the other hand, the determination might be made based on whichever rate is highest after the expiration of the promo period, assuming there is a difference.
Sounds like you could be the caller of the day down at the call center if you were to ring them up and ask.
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