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  • FIRST POST
    • iwanski
    • By iwanski 14th Oct 16, 8:40 PM
    • 1Posts
    • 0Thanks
    iwanski
    Two Balance transfer promotional 0% end dates on same card
    • #1
    • 14th Oct 16, 8:40 PM
    Two Balance transfer promotional 0% end dates on same card 14th Oct 16 at 8:40 PM
    Hello Forumers!

    I currently have a Barclaycard with a balance of £3,000, and a promotional 0% on interest ending in November 2017.

    They have now offered me another balance transfer on the same card, where the 0% interest on this transfer would end in April 2017. I'm looking to transfer another £2,000 onto this (giving a total balance of £5,000)

    I'm confused as to what would happen in May 2017, if (for example) I had £1,000 balance left on the credit card in May - would this then continue to be 0% until November 2017, or would it be classed as the "second" balance transfer, and charge interest after April 2017??

    Any help appreciated!
Page 1
    • zx81
    • By zx81 14th Oct 16, 8:43 PM
    • 9,319 Posts
    • 9,140 Thanks
    zx81
    • #2
    • 14th Oct 16, 8:43 PM
    • #2
    • 14th Oct 16, 8:43 PM
    Payments will allocated as per the terms of the card.

    Most common is that it will go to the promo that ends first, if both are at the same rate, but it could be the one that started first.

    Have a read of the agreement.
    • FluroFrancis
    • By FluroFrancis 14th Oct 16, 9:36 PM
    • 32 Posts
    • 5 Thanks
    FluroFrancis
    • #3
    • 14th Oct 16, 9:36 PM
    • #3
    • 14th Oct 16, 9:36 PM
    if the interest rate is the same payments come off the balance that ends soonest first
    • cooltt
    • By cooltt 14th Oct 16, 10:05 PM
    • 476 Posts
    • 230 Thanks
    cooltt
    • #4
    • 14th Oct 16, 10:05 PM
    • #4
    • 14th Oct 16, 10:05 PM
    if the interest rate is the same payments come off the balance that ends soonest first
    Originally posted by FluroFrancis
    This^^^ and there's no lucky breaks, both balances show on the statement each with end 0% dates. Its a business not a charity.
    • redux
    • By redux 14th Oct 16, 11:08 PM
    • 15,558 Posts
    • 18,361 Thanks
    redux
    • #5
    • 14th Oct 16, 11:08 PM
    • #5
    • 14th Oct 16, 11:08 PM
    If there is something in the terms about payments going first against the parts of the balance incurring the highest interest rate, then perhaps it is worth considering intentionally incurring interest for a couple of days on the expiring offer, then clearing it.

    I'm not saying definitely do this. It might not be necessary, or might not work, depending on the wording.
    Last edited by redux; 14-10-2016 at 11:11 PM.
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