Applying Your Payments. Any payments we receive up to and including the amount of your Minimum Payment will be applied in the following order: 1) First to interest charges; 2) Then to fees shown on your Monthly Statement; 3) Then to the remaining Billed Balances shown on your Monthly Statement; and 4) Then to the balances which have not yet appeared on your Monthly Statement. 1) First, the remaining Billed Balances on your Monthly Statement are divided into different groups based on their applicable annual interest rate so that each group represents that portion of your remaining Billed Balance that has a different annual interest rate; and 2) Then, the excess payment is applied first to the group with the highest annual interest rate and then to the other balances in descending order, based on their applicable annual interest rates.
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Sources: Refresh Secured Credit Card Cardholder Agreement, Credit Card Agreement