As many of you will be aware, among the credit card reforms that came into being this month, payments toward credit cards are to be applied to that part of your outstanding balance that attracts the highest interest. While banks only HAVE to apply this to new accounts, it seems the majority are extending it to existing accounts to an extent. If your bank isn't doing so, and this affects you to any great extent it might be time to find a new one.
BUT the purpose of my post - Out of interest, I rang ours yesterday (Suncorp) to find out whether they were extending it to existing accounts. I was told that they WILL but you have to request for it to happen - advise that you're aware of credit card reforms, and you'd like to have your payments go to the highest interest part of the balance first. According to the person I spoke to, all of the banks were doing the it the same way, but a bit of surfing told me that wasn't necessarily entirely true, as several are doing it automatically.
Rather than assume that it will automatically happen though, it would be wise to check with your bank, and if you're with Suncorp in particular, you do need to call them.
Good advice - thanks