When there's two different percentage balances on one credit card?

KellyGT

Hello All,

Very very sorry if this is a daft question please bear in mind im very sleep deprived with a 6month old teething baby.

What I wanted to know is if i have a credit card that has a balance on at the standard rate and then i was to use credit card cheques for that same credit card which have promotional rate of 0% for 6months how do they distinguish between the two?

I.E when i then make the payments on that card etc? Are they sneaky and do it so that the amount i'm paying off covers the percentage of the overall balance that is 0% so that i still pay as much interest as possible to them?

Sorry if this is rambling hopefully one of you will understand what i mean :rotfl:

Kelly

opinions4u

The back of your statement should tell you.

Most card issuers will apply repayments to the lowest rate first, allowing them to screw you for as much interest as possible.

But there are exceptions to this which is why I suggest checking the detail on your statement.

oscar52

opinions4u wrote: »

But there are exceptions to this which is why I suggest checking the detail on your statement.

I think the ONLY exception at the moment is Nationwide.

KellyGT

Thanks for the replies

after straining my eyes at the very very very small print on the back i see......

"....this means that 0% balance transfers are paid off before balances charged at a higher rate"

i thought as much!

JimmyTheWig

Have you got another card you can shift the debt to first?

KellyGT

JimmyTheWig wrote: »

Have you got another card you can shift the debt to first?

Nope not anymore since i balanced transfered off my virgin they put my cred limit down to £200 after it being made over the years (by them not me) a limit of £3500. Tut and the debt on the card which has the offer is £700.