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Barclaycard initial - balance transfer APR query
ps10006
Posts: 73 Forumite
in Credit cards
Morning all
I have a barclaycard initial credit card, in which the only transaction made on it has been a balance transfer. My credit limit is £800, and the balance transfer i owe on it is £350. I did this because at the time there was a offer of 6%apr on balance transfers for the life of the transfer.
What i want to know is that if i make a purchase on the card (xmas present), will i pay the apr 29.9% on just the purchase, or on the whole lot,
Many Thanks.
I have a barclaycard initial credit card, in which the only transaction made on it has been a balance transfer. My credit limit is £800, and the balance transfer i owe on it is £350. I did this because at the time there was a offer of 6%apr on balance transfers for the life of the transfer.
What i want to know is that if i make a purchase on the card (xmas present), will i pay the apr 29.9% on just the purchase, or on the whole lot,
Many Thanks.
0
Comments
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The Balance transfer will reamin at 6% until paid. The purchase rate would be for the purchase. I.e. if purchase was £50 then balance transfer of £350 would be at 6% and the £50 purchase would be at 29.9%. Providing that you do not pay off the £50 before interest period starts that is.Don't thank me, thank my post :T
NOTE: Nothing on this board constitutes legal advice - always consult a professional about specific problems.0
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