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  • FIRST POST
    • craigyjr
    • By craigyjr 19th Apr 17, 1:45 PM
    • 27Posts
    • 9Thanks
    craigyjr
    credit card
    • #1
    • 19th Apr 17, 1:45 PM
    credit card 19th Apr 17 at 1:45 PM
    hello im just after some info on my credit card i got a barclaycard with 30 month 0% apr on balance transfers and 6 month on purchases, my purchase promo ran out so now im paying 21.9% apr, but that past couple of month i have been paying £100 off the card and using it again thinking it would pay the £100 of the purchase than add it back on, but each month my interest has been going up and up, origanally i owed £900 as a balance transfer and £600 as purchases so i decided to look at the break down of my statement and it says my balance transfers is £200 and purchases is £1300, but i thought when i made a payment it would be allocated too the balance that was being charged interest on but it hasnt so was i wrong or has there been a mistake at barclaycard
Page 1
    • zx81
    • By zx81 19th Apr 17, 1:58 PM
    • 12,011 Posts
    • 12,154 Thanks
    zx81
    • #2
    • 19th Apr 17, 1:58 PM
    • #2
    • 19th Apr 17, 1:58 PM
    What do the terms say about payments allocated against two concurrent promos? Are they allocated against BTs or purchases/the one that started first/ends first etc?
    When are you making payments?
    When are your statements produced?
    When is your due date typically?
    What is your minimum payment?
    Have you incurred any fees?
    When did you take the card out?

    Can you add some punctuation into your reply to make it easier to follow.
    • PeacefulWaters
    • By PeacefulWaters 19th Apr 17, 2:53 PM
    • 6,399 Posts
    • 7,841 Thanks
    PeacefulWaters
    • #3
    • 19th Apr 17, 2:53 PM
    • #3
    • 19th Apr 17, 2:53 PM
    And in future don't mix balance transfers and purchases. Have a different card for each.
    • Lumanous
    • By Lumanous 25th Apr 17, 12:32 AM
    • 107 Posts
    • 256 Thanks
    Lumanous
    • #4
    • 25th Apr 17, 12:32 AM
    • #4
    • 25th Apr 17, 12:32 AM
    If you have a look into the terms detailed on your latest statement, it will show you the order in which it will pay off your balances.

    For barclaycard this should be in the 'Summary box', usually on the last page of your statement, and look for a header similar to 'Allocation of payments'. The order of allocation can vary based on the type of card and original offers etc. so best to check for your specific card.

    Once you know the order for certain, you can then work out the rest.

    Might just need a different plan if the balance does not pay down how you expect it to.

    I also agree with peacefulwaters on the keeping purchases and balance/money transfers separate. I only have one which is combined temporarily but it's only because I know I can track the individual balances and manage my finances in a very detailed manner - not worth the hassle/potential confusion for most!
    Last edited by Lumanous; 25-04-2017 at 12:33 AM. Reason: adding credit to another poster by name

    No, my username is not a typo
    • Ben8282
    • By Ben8282 25th Apr 17, 12:53 AM
    • 1,913 Posts
    • 831 Thanks
    Ben8282
    • #5
    • 25th Apr 17, 12:53 AM
    • #5
    • 25th Apr 17, 12:53 AM
    If the 0% offer on purchases has expired and interest is now being charged on purchases, then the repayments MUST be allocated to the purchases at 21.9% and NOT the 0% balance transfer.
    The most probable cause of the problem is that the OP is repaying the purchases before the statement is produced and therefore the payments are correctly being applied to the balance transfer rather than the unstatemented purchases.
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