Credit Card deal ending..i got a question

dreemgirl

Wonder if anyone can help? Its probably a silly question but just wanted to make sure.

my current credit card 0% purchase deal is ending soon, but still has 1yr more on 0% balance transfers.

my question is on the current card i have some balance transfer that i initially transferred onto it and new purchases amount now on top. Because i have the 0% balance transfers for another year will i get charged any interest (as long as i keep up monthly payment) on this total balance or will it stand just for the initial transfer amount only?? what im hoping is that i can keep all on current card and just pay minimum and not have to tranfer any to my new card ive just set up incurring a transfer fee

Hope that made sense im a little confused??

jonesMUFCforever

I would have thought your balance transfer deal will not incur interest but your purchases will.
However balance transferring the purchases will not be as simple as you think as most companies will pass credits in a certain way.
Most will pay off the cheapest thing first - in your case your interest free balance transfer etc.

I personally never mix BT and purchase cards.

NickX

The advice from Martin and others is not to mix Balance Transfers and Purchases unless the promotions are identicial rates for identical periods of time.

The chances are that the allocation of payments will not be in your favour and you will be charged interest on the Purchase balance until you settle the card in full. However, there are a few exceptions (notably Nationwide) so you need to look at the "allocation of payments" in your Terms and Conditions carefully to work out how they will handle partial payments to the card.