We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Barclaycard to First Direct Balance Transfer.

Haze
Haze Posts: 42 Forumite
Hi all,

Just a quick one and some possible advice? I am looking to transfer a balance from Barclaycard to the First Direct Gold card.

Not sure if I am over thinking it but if I transfer the balance and then regularly spend on the FD card when I make payments will that clear the 0% free amount first?

Would this result in interest adding up on any spend after/behind the 0% transfer after the initial transfer amount had been paid over the months?

Many thanks in advance :)

Haze

Comments

  • nextyeartina
    nextyeartina Posts: 756 Forumite
    Part of the Furniture Combo Breaker
    i may be wrong but i'm sure the amount you pay goes off the bt first so interest will be added to what you've spent.

    t, x
    The £1,000 emergency fund challenge #163 - £536.16/£1000
  • SCO
    SCO Posts: 729 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    Haze wrote: »
    Hi all,

    Just a quick one and some possible advice? I am looking to transfer a balance from Barclaycard to the First Direct Gold card.

    Not sure if I am over thinking it but if I transfer the balance and then regularly spend on the FD card when I make payments will that clear the 0% free amount first?

    Would this result in interest adding up on any spend after/behind the 0% transfer after the initial transfer amount had been paid over the months?

    Many thanks in advance :)


    Haze

    you should never spend on a BT card.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.