Different rates

hampshirebabe

I've got a sainsburys card that has a balance at 2.9% that ends in a month and an amount that's 3.9% for life, is there any way to pay off the amount on the lower rate before it ends?

brendon

Your payments should be allocated to the highest interest rate balances first. See here:

From the end of 2010 credit card issuers will always allocate payments to the highest interest rate part of the balance first (i.e. high-to-low).

hampshirebabe

But is there anyway around it, if I phone them up and ask them, could they change it?

Naf

Presumably the 2.9% goes up higher than 3.9% afterwards?
Ask them what date, exactly, it ends; then pay the amount in full the following day.
As above, payments are allocated to the highest rate first; and it will have just become the higher rate.

grumbler

hampshirebabe wrote: »

But is there anyway around it, if I phone them up and ask them, could they change it?

Why on earth would anyone want this?

The_Boss

grumbler wrote: »

Why on earth would anyone want this?

When you're a self proclaimed 'babe', thinking probably isn't your strong point

hampshirebabe

the 2.9% goes up to their standard rate of 23.95% in a month, I've got an offer on another card for 0% for 18 months which ends in 2 weeks, so I'd like to pay off the amount that's about to go up hugely, but keep the 3.9% for life balance.
That's not too complicated even for a babe is it, why would anyone not want to?

hampshirebabe

I cant phone them at the moment, I don't have all the details with me.

Naf

grumbler wrote: »

Why on earth would anyone want this?

The_Boss wrote: »

When you're a self proclaimed 'babe', thinking probably isn't your strong point

Because the 2.9% expires soon, but the 3.9% doesn't.
It appears reading & courtesy aren't your strong points?

EDIT: sorry; your posts came before the OP elaborated with full info. My apologies!

Naf

You could ask, but I doubt they'd let you under these circumstances (still no harm in asking). Failing that, see if the other card will extend their offer slightly; or take the details to process a little later? They want your business, after all.

chattychappy

Perfectly reasonable and sensible thing to want to do! (You're my kinda babe..)

Frankly both rates are very low. I'd just pay the minimums (+£1) until the day after the 2.9% expires and then send the payment. 2.9% APR is 24p per £100 on the month's delay.

I wouldn't even bother phoning them. I'm cynical. Even if they tell you on the phone they could do it, there's a reasonable chance that they'll mess up and then you'll have hassle to fix the situation. I'd rather pay the extra 24p (per £100).