Quick credit card question

shoe_gal_84

Hi All,

I have a credit card with a £4000 credit limit. I have just balance transferred £1400 on to this card. It is 0% interest on balance transfers for 12 months.
The situation has now arisen where I need to buy a car to replace mine. I am looking at spending £2000 and putting it on my credit card, which is 0% on purchases for 6 months.

I was just wondering, as I know rules have recently changed, do I pay the purchase money off before the balance transfer money? In 6 months time, can I transfer the purchase money to another 0% credit card or will I have to transfer the whole lot?

Hope this all makes sense. The card I'm using is a Natwest Graduate credit card.

Thank You.

[Deleted User]

A BT is effectively just another payments, so it will pay off/transfer the purchases when you come to do the BT.

Couple of things to bear in mind -

A dealership will probably charge you 2-3% for using a credit card
You'll need to pay another 3% to BT it in 6 months
Although payments go against the higher rate balance, this does not apply if they have not yet appeared on your statement. So if the following pattern happens -

Statement 1 Feb
Buy car - 2 Feb
Payment made 20 Feb

Then your payment on 20 Feb will go against your existing balance, not the car purchase. But your 20 March payment will go against the car.