Day 191: Bank of America Up Front About Balance Transfers

I was making a balance transfer this morning, to move one of our cards balances from 5.9% to 3.9% with no transfer fee, when I discovered this little nugget of information. I know that everyone with any knowledge of their credit cards knows this, but it was nice to see it in plain site, large font and bolded.


We will allocate your payments to balances (including new transactions) with lower Annual Percentage Rates (APRs) before balances with higher APRs. Borrowing the full amount of your available credit may result in an overlimit fee, as applicable.


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