Barclaycard BT Cards

antuk

Hi all,

Im after some advise, i have a Barclycard thats currently on a 0% BT until about October time, and i keep getting letters offering me extra 0% rates on that card for new transfers, until recently they all expired before October so didnt think anything of it, however now i have a letter offering me 0% until Jan 2014.

Does anyone know how this would work in practice if i used it. I assume based on payments going towards the highest rate first come October i can just pay off the original BT and be left with the new one that im doing now still at 0%?

Does anyone see any problems/flaws in my thinking?

Thanks

Anthony

Mozette

No, you are right in your thinking. I've done the same thing with MBNA, whatever you pay comes off the 'oldest' balance transfer.

Edit to say, as billbennett says below, I meant the BT that expires first rather than the oldest BT.

[Deleted User]

Mozette wrote: »

No, you are right in your thinking. I've done the same thing with MBNA, whatever you pay comes off the 'oldest' balance transfer.

Just a slight correction there, it doesn't necessarily come off the "oldest", it comes off the one that expires first.

Mozette

billbennett wrote: »

Just a slight correction there, it doesn't necessarily come off the "oldest", it comes off the one that expires first.

Yeah, I think that was what I was trying to say, thanks for putting it more accurately, I wouldn't want to mislead the OP.