Payment Allocations

Stinkybell

I have a question about payment allocations that hopefully somebody can help me with.

Barclaycard have given me 0% on purchases starting on 1st December. I've just got my Dec statement and it shows all my spending from 1/12 as promotional, and everything before that (about £200) is normal. I clear my balence every month so I don't pay interest. Since the statement was generated I have gone and bought a new TV (about £300) so have paid off about £30 more than the statement amount this month. Obviously I don't want to pay any interest, but Barclaycard allocate payments to promotional spending before standard rate purchases.

Can anybody confirm for me that my payment will cover my statement first and not the new unstatmented promotional spending before my older standard rate purchases?

Hope that makes sense!

normanmark

Payments you make will normally reduce your balance in the following order:

1. Default sum charges and interest on default sums.
2. Promotional balances and fees.
3. Other interest fees and charges.
4. Standard rate purchases and balance transfers.
5. Cash balance.

From Barclaycard's Terms & Conditions - which can be found on their website.

Stinkybell

I'm aware of this - it's also written on the back of the statement. My question is will my payment this month go towards items that have not yet appeared on my statement but are promotional spending before standard rate purchases that are on my statement?

normanmark

I couldn't give you an accurate answer, call their customer services & they'll explain it all to you.

If i were to guess then yes, the allocation of payment would go to the promotional balance before the standard rate purchases, as it states on their T&C's.