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    • malmesbury
    • By malmesbury 13th Jul 17, 11:59 PM
    • 261Posts
    • 377Thanks
    Quick question.. what is paid off first on barclay credit card?
    • #1
    • 13th Jul 17, 11:59 PM
    Quick question.. what is paid off first on barclay credit card? 13th Jul 17 at 11:59 PM
    I'm just wondering if someone could clarify if I am right!?

    We ve had to buy an emergency works van and the savings pot wasn't quite up to it...
    We have about 500 ish on my husbands credit card but an offer of 0% money transfer into bank account. If we did this, when I repay the card each month, what will be repaid first? Would it be the 500 that has interest on the cash transfer?

    Many thanks in advance
    JULY...H barclaycard: £414.94... 0% til Mar 2018 .
    Tesco CC £2050....0% til Oct 2018.
    Savings: £500
    £34k owed June 2011....what a journey it's been...almost there
Page 1
    • Dribiddi
    • By Dribiddi 14th Jul 17, 12:21 AM
    • 46 Posts
    • 16 Thanks
    • #2
    • 14th Jul 17, 12:21 AM
    • #2
    • 14th Jul 17, 12:21 AM
    Any payments made to credit cards go towards the highest rate of interest portion of the debt to the lowest. So you could have £500 from a 0% balance transfer not being touched for the period of 0% if you have higher interest spends on the card running along side that are never fully cleared
    Last edited by Dribiddi; 14-07-2017 at 12:23 AM.
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