How to Calculate How Much of a Credit Card Payment Goes to a Transfer Balance & a Purchase Balance

When debt is transferred from one credit card to another, that balance is known as a transfer balance. If you have a balance from purchases, the two become separate balances that need to be paid off. Each payment you make counts toward each balance you have on the card.

Instructions

1

Make a note of what your current transfer and purchase balances are. Remember that they are two separate balances and are typically not joined together.

2

Make a payment on the credit card. You may elect to do this online, though a phone, or in-person at someplace that accepts credit card payments.

3

Check the two balances once the credit card payment has been posted. Notice the amount that each balance has been debited. From there, determine the percentage of the credit card payment that was used. For instance, if you made a payment of $1,000, and $350 went to the purchase balance, and $650 went to the transfer balance, you can assume that 35% of any payment goes to the purchase balance, and 65% goes to the transfer balance.