Interest when spending on a balance transfer card.

chopps

With Barclaycard, if you pay off a 0% balance transfer amount a few days after its 0% period expires but before your next statement date and you also have some other amounts owing for purchases and another BT expiring later in the year beware as some of the other 0% BT amount gets paid off after the purchases and you will continue to pay more interest than if a payment was made after the next statement date.

chopps

What this comes down to is when you have two (or more) BT's on the same account but with different end dates which one is a payment surplus credited against after all purchases(19%) have been cleared?

~Chameleon~

chopps wrote: »

What this comes down to is when you have two (or more) BT's on the same account but with different end dates which one is a payment surplus credited against after all purchases(19%) have been cleared?

See post #9

chopps

~Chameleon~ wrote: »

See post #9

That's what I wanted but they ignored the expired one and partially paid off other one expiring in 6 months time.
Must have been following one of the options in post #8 rather than post #9. Phoned in and got it changed.

~Chameleon~

chopps wrote: »

That's what I wanted but they ignored the expired one and partially paid off other one expiring in 6 months time.

Have you spoken to them to ask why then? I currently have three balances at 0% on mine and all payments are now coming off the one that ends soonest having recently paid off a LOB 5.9% balance.

chopps

~Chameleon~ wrote: »

Have you spoken to them to ask why then? I currently have three balances at 0% on mine and all payments are now coming off the one that ends soonest having recently paid off a LOB 5.9% balance.

They referred to the T&C and said I should have waited for next statement to be produced before paying in extra. ?!