Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
In a nutshell you will be paying interest until the balance is paid off to zero. Because any payments you make will automatically go towards the lower interest rates first. Even if you only made a 1 dollar in purchases it would be the same -- as long as there was a dollar a more balance on the card, you would be paying interest.
If you had $1,000 of the balance left in the September the APR would be whatever your normal interest rate is. This is because the payments went towards the lower interest rate.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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