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Now i am enjoying my special credit card deal with a promo 0% rate on balance transfers. Some days ago I bought some gasoline on this credit card but paid the money back immediately. Will they charge me interest?
[Friday, February 4th, 2011]
Many banks and credit card companies charge different interest rates for different types of debt on the same credit card. Take some tempting balance transfer credit cards with low or 0% intro interest rates on balance transfers for some period of time but higher interest rates on new purchases and cash withdrawals. When it comes to clearing credit card debts, as per the new credit card rules negative order of payments has been switched over to the positive order of payments, which means that now repayments go to the highest-rate balance first.