- Posts: 2
- Joined: Sun Jan 17, 2010 3:25 pm
- Location: usa
I searched, without any success, for an answer to the following question before coming to this forum. I have a Discover card with a 12 month intro rate on balance transfers of 0%, and a period of 6 months on purchases with the same rate. I initially transferred a large balance over, but made a few purchases before xmas. My question is this:
If I make a payments in the exact amount of the latter purchases how does Discover apply the payment? Is payment applied to the oldest amount (assuming balance transfers and purchases are treated the same), or is the payment applied to the most recent transaction? I ask, as some of you might imagine, because I'm concerned whether in ~5 months time whether interest will begin to be assessed on the part of the balance which consisted of the purchases.