Skip to main content

About us

We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

I have a deferred interest plan. Can I pay my deferred interest balance before my other balance?


If you pay more than the minimum amount due, you may request that the card issuer apply any amount paid above the minimum to the deferred interest balance before other balances. 

However, the card issuer is not obligated to honor this request if it applies your payments in excess of the minimum amount to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on the applicable annual percentage rate. Even if the card issuer does this, the card issuer must, for the two billing cycles prior to the end of the deferred interest period, apply your payment in excess of the minimum amount to the deferred interest rate balance first.

Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.