Balance transfer question

md2012

I have a question about my MBNA credit card. I transferred £3000 to it at 0% last year that expires in March of this year, just before Christmas I transferred an additional £3000 at 0% again until April 2015.

If I make a payment of £3000 now will my payment go against the first £3000 and will I continue to enjoy the 0% rate on the second transaction?

YorkshireBoy

Your question is answered in the "Payment Allocation" section of your T&Cs. If yours are the same as those available to view online (on the Virgin* website...their cards are issued by MBNA) this will be condition 4.2, 2nd bullet, 1st sub-bullet, which says your payment will be allocated to the 0% offer which started first.

But don't take my word for it...check yourself (now you know where to look).


* https://www.euapplyonlinenow.com/UKNeoCCapp/entry?wicket:interface=:5:/includes/trNav/trNav.html:components/linkToTermsPdf::IResourceListener::&KeepThis=true&TB_iframe=true&height=510&width=780
(this link won't work for long so don't delay!)

wellsy07

From the conversation I had with a virgin rep, the 0%
That ends soonest is where your payments go to first
Effectively freezing the longest ending 0%
Balance until the sooner one is cleared.

But Yorkshire boys reference to your own terms and conditions should
Not be ignored:)