We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

0% balance transfer card and new purchase.

I have a tesco 0% balace transfer card that has a balance on it, that ive just now made a purchase on. Is there any way to just transfer the new purchase to a different card. If not how does my monthly repayments pay off first.

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 26 October 2014 at 11:26PM
    simonpunt wrote: »
    I have a tesco 0% balace transfer card that has a balance on it, that ive just now made a purchase on. Is there any way to just transfer the new purchase to a different card.
    Yes, just transfer this amount or a little more.
    If not how does my monthly repayments pay off first.
    Tesco Bank Balance Transfer Card Summary Box

    See "Allocation of Payments". BTW, a BT is no different from an ordinary payment to a CC.
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You're lucky they change the law about order of payments. In the old days the answer would be no, but today it is highest interest first :)
    Changing the world, one sarcastic comment at a time.
  • msallen
    msallen Posts: 1,494 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    ...but don't attempt to transfer away the purchase or make a payment to cover it until it has appeared on your statement, otherwise you'll be paying down the 0% debt.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.