Balance Transfer Scenario

samwhardy

Here's my situation:

Halifax credit card - £1000 balance (lim £1500) 21.9% APR
Lloyds credit card - £600 balance (lim £1500) 18.9% APR

LLoyd offered me a 0% balance transfer of up to £500 for 15 months - which I obviously snapped up.

New balances:

Halifax credit card - £500 balance (lim £1500)
Lloyds credit card - £1100 balance (lim £1500) (£500 @0%)

Now Halifax have also offered me essentially the same deal - £500 0% balance transfer.
My question is - if I transfer back, will the transfer come from the £500 @0% or the £600 @18.9%?
In other words, would I be cancelling out the original balance transfer?

Thanks

grumbler

samwhardy wrote: »

...
My question is - if I transfer back, will the transfer come from the £500 @0% or the £600 @18.9%?

£500 BT from Lloyds to Halifax is in fact £500 payment from Halifax to Lloyds.

See Lloyds card Summary box for 'allocation of payments'. In fact it's the same for all credit cards.