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>>>>>>The daily balances for current cycle Purchases and Cash Advances and previous cycle Purchases are calculated separately and determined as follows:

1. Current Cycle Purchases and Cash Advances. We start with the outstanding balance at the beginning of the current billing cycle. Wetake the beginning balance of Purchases and Cash Advances on yourAccount each day, which includes any Periodic FINANCE CHARGES calculated on the previous day's balance, add any new Purchases (including fees that are treated as Purchases) and new Cash Advances and then subtract any payments or credits. This gives us the separate daily balances for Purchases and Cash Advances.

2. Previous Cycle Purchases. We start with the outstanding balance at the beginning of the previous billing cycle. We take the beginning balance of Purchases on your Account each day during that billing cycle, which includes any Periodic FINANCE CHARGES calculated on the previous day's balance, and add any new Purchases(including fees that are treated as Purchases) and subtract any payments or credits. This gives us the separate daily balance forprevious billing cycle Purchases. However, the daily balance for previous cycle Purchases is considered to be zero for each day of the previous billing cycle if you paid in full the New Balance on your previous statement by the Payment Due Date or a Periodic FINANCE CHARGE was already imposed on the purchases itemized on your previous statement.<<<<<<<<<<

Friends,

I have a first USA e-card which says the above. Previously, I would have never bothered to read it but gone ahead and used it. But now since I am a fool...

This card has 3.9% APR for 5 months followed by 9.99% fixed forever. I want to use the whole available credit for a balance trasfer from a card with 14.9% APR.

BUT.. SINCE I UNDERSTAND THAT IT IS A TWO CYCLE BILLING STATEMENT, does it translate to 7.8% to begin with and then 19.98% later?

Will I benefit from the balance transfer ? Can someone give me an example for, say, $ 6000.00 transferred ?

Thanks
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