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    • tattywelshie
    • By tattywelshie 15th Oct 16, 5:34 PM
    • 10Posts
    • 0Thanks
    Balance transfer - which balance?
    • #1
    • 15th Oct 16, 5:34 PM
    Balance transfer - which balance? 15th Oct 16 at 5:34 PM
    Hi folks,

    I have a question...I have a credit card with a balance on it where part of it has interest on it (the oldest balance) and part of it is interest free.

    Now, my question is, if I balance transfer from this card to a 0% card, but can only transfer some of the balance, is it the oldest balance on this card that gets transferred over, or will it be the balance that has currently a 0% interest applied to it that will get transferred over?
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    • YorkshireBoy
    • By YorkshireBoy 15th Oct 16, 5:44 PM
    • 28,015 Posts
    • 15,895 Thanks
    • #2
    • 15th Oct 16, 5:44 PM
    • #2
    • 15th Oct 16, 5:44 PM
    For several years now, all payments made to a credit card MUST go towards the highest interest rate balance first.

    It's called 'positive payment hierarchy' and is detailed in your account T&Cs under a section entitled "allocation of payments" or similar.
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