Comments on: Took cash advance from Citicards, how can I pay that off first? (before paying off Purchases)?

By: B.B

B.B — Thu, 20 Nov 2008 04:41:58 +0000

Call them and see what u can do..

By: Navy Sailor - GAI

Navy Sailor - GAI — Tue, 18 Nov 2008 00:41:44 +0000

Depends on what your cardholder agreement says. Why don’t you call Citibank instead of asking a million people who don’t know the exact answer. The telephone number is on the back of your card.

By: Dan C

Dan C — Mon, 17 Nov 2008 17:48:10 +0000

Do you have another credit card (with no balance)? If so, maybe you could take another cash advance and use it to pay off the entire balance of the Citi card. While you are doing this don’t use either card for purchases until it’s all paid off.

By: bostonianinmo

bostonianinmo — Sun, 16 Nov 2008 10:07:13 +0000

The bank will decide how the payments are applied to your account. In virtually all cases, they apply the payments first to any unpaid amounts and fees, then to the interest due for the current period, then to the balance with the lowest interest rate. From that point, if there is enough $$$ left from the payment, it is applied to the balance with the next highest interest rate and works up the chain from there.

When you take a cash advance it will attract a higher interest rate than purchases in most cases. That balance will remain there with its higher interest rate untill the entire purchase balance has been paid in full. If you always carry a balance, you’ll pay for that cash advance virtually forever.

Dirty little “secret” of the credit card industry. If you don’t like it — and only a banker would — contact your elected representatives and demand a law requiring apportionment of credit card payments.

By: vg55 v

vg55 v — Sat, 15 Nov 2008 18:08:50 +0000

yes, you can pay that first, but you have to call them and make arrangements to do this. cash advance is always a bad idea, rather get a balance transfer check and use it to deposit some money into your checking account. this avoids the cash advance high % rate.

By: Jess

Jess — Fri, 14 Nov 2008 15:15:12 +0000

Usually with a credit card, they make you pay the one with the higher interest rate first. What I suggest doing is calling customer service. Ask them if it’s possible to pay off the cash advance first. I’m not sure if you’ll be able to though.

By: Steve L

Steve L — Tue, 11 Nov 2008 03:17:38 +0000

I don’t think they will let you pay off the cash advance first. You should try calling the customer service line. That’s the only way to get something changed. The number is on the back of your credit card.

If that doesn’t work, you’d have to transfer the entire balance to a different card. If you choose that, be very careful of service charges. Sometimes you can find an offer that waves them. Only use credit cards that you currently have and trust Sometimes the fine print on new offers is a killer.