0.00% Pa BT confusion

The second point you mention, is something I think the Government require lenders to put in.

It is an example...if you borrow so much, at a certain interest rate, over a set length of time, it will cost a certain amount (just like for loans, you get tables indicating what the repayments are for 12, 24, 36 months etc, with and without PPI).

If you're on 0% for a year it's nothing to worry about, just make sure you shift the debt before the offer ends and you'll pay no interest.

razorab1 wrote:

The first point is that theirs a charge of 2% for the BT.
Do you pay interest on the charge till the BT is paid off or is the BT £1530.

It depends on the card, and how they apply their 'order of payments'. With MBNA (and their sub-brands), the BT fee is collected in addition to the first minimum payment. With Capital One, the 2% BT fee is paid off from your first 3% minimum payment (only 1% goes towards the balance). With Egg, the BT fee attracts interest.

Second point is in the agreement it states “The total charge for credit is £153.02 Consisting of £153.02 interest.”
If its 0% interest for 12 months, where does £153.02 interest charge come from.

The 'total charge for credit' is how much interest you would pay if, following any introductory 0% period, you made one purchase of £1,500 and repaid it in 12 equal monthly payments. Where the provider knows your credit limit, they sometimes use this figure instead of the industry standard £1,500. As others have said, this is intended to allow you to compare each card on a 'like-for-like' basis.

No, you can't. The payments are credited in the order the terms and conditions specified which won't be against the interest-bearing fee but against the 0% balance.