I read Paypal's agreement on how they apply minimum and extra payments to a consumer's credit account. Frankly, I think it's a crock of poop. They should be applying extra payments to the revolving balance that is accruing the highest interest before applying it to a promotional balance that will be expiring up to the next TWO billings periods. If you have a promotional balance expiring every or every other month, then you'll never pay off the standard purchases that keep revolving every cycle at 19.99%. I'll have to check the Credit Card Act again, cause I had to argue with another creditor about this and it turned out that they had to credit me some "overcharged" interest fees. Shouldn't we get a choice of where we want to apply our extra payments to?!
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