Paying off 6 month promotion while still carrying a balance

[Crccac]

I am carrying a balance from past purchases but I aslo have a 6 month promotion purchase that is coming due on 2/14. I have a MIN amount due of $89.

If the promo payoff is $115 to avoid interest, do I have to pay the $89 min +$115 = $204 or can I just need to pay $115 promotion amount to avoid interest?

Thank you

Chris

[DPCreations]

We need to see you account details to know how payments will be applied.

That information willl be on your details PDF statement you can download.

Once you have that information, including dates and amounts for all purchase we can give more information.

How the payments will be applied  is alson on page 2 of the PDF statement.

[Crccac]

Here are the details from JAN statement

ACCOUNT SUMMARY
Previous Balance $4,613.60
- Payments & Credits $168.00-
+ Purchases & Adjustments $188.33
+ Fees $0.00
+ INTEREST CHARGES $49.60
= New Balance $4,683.53

Balance Type Balance        Subject to Interest Rate     Interest Charged    Current Balance
Standard Purchases           $2,922.17                             $49.60                       $2,973.23

DEFERRED INTEREST CALCULATION

Promotion Type Posting Date Annual Percentage Rate(APR) Expiration Date Monthly Accrued Deferred Interest Total Accrued Deferred Interest Deferred Interest Balance
No Payments Until 02/14/17        07/20/16            02/14/17*            $2.64      $15.51       $154.70*
No Payments Until 06/14/17      11/18/16            06/14/17*              $4.72      $9.28          $277.98*
No Payments Until 06/14/17      11/21/16              06/14/17*            $5.36      $10.03       $315.74*
No Payments Until 06/14/17      11/24/16              06/14/17*            $0.57      $1.16          $33.64*
No Payments Until 06/14/17      12/08/16             06/14/17*             $0.84      $1.11          $49.38*
No Payments Until 07/14/17      12/14/16             07/14/17*             $11.98     $13.57      $705.53*
No Payments Until 07/14/17      12/18/16             07/14/17*             $1.85       $1.85        $109.00*
No Payments Until 08/14/17      01/10/17             08/14/17*             $0.29       $0.29         $64.33

[DPCreations]

It doesn't look like your information is from the PDF statement; that has more details.

The columns don't display correctly for the deferred purchases.  The first one is due in full now!  Is that correct $154.70?

It doesn't show here, but there will also be a minium payment requirement for the standard purchase.  From what I remember for my own account (never used for non-promo standard purchase as I won't pay intreest) I don't think the minimum payment requirement includeds anything promotional as there would be no penalty for allowing that to lapse--just all of the acrued interest.  The minium payment would include the monthy interest ($49.60) plus whatever is required from the $2,922.

That's a lot of interest you are payment monthly.  If you must borrow money, they are much better rates elseware.  That $49/month could be used for so many other purposes. 

[Judith123]

(reply deleted.)

[helpfulhero]

---

@Crccac wrote:

I am carrying a balance from past purchases but I aslo have a 6 month promotion purchase that is coming due on 2/14. I have a MIN amount due of $89.

If the promo payoff is $115 to avoid interest, do I have to pay the $89 min +$115 = $204 or can I just need to pay $115 promotion amount to avoid interest?

Thank you

Chris

---

You are able to view your amount to avoid interest on your most recent statement online by logging in to your PayPal account.

Try this:

login to paypal.com

click 'wallet' at the top of the screen

click 'paypal credit' on the left

click 'see statements'

on the far right hand side of the screen, in the black bar, select the statement for your most recent (past) billing cycle.

Your screen will now show your amount to avoid interest for your next upcoming due date. This includes any upcoming expiring promotions.