Balance transfer offers on same card.

greenrunner

Hi,

I think i already know the answer but i would like a some peace of mind.
I have a balance transfer card with MBNA that i took out in January 2014 16 month offer- I transferred a balance to it and have until May 2015 to clear the money i transferred in January. I am on track with this.
MBNA sent me an offer for another balance transfer 0% until 17th December. My boyfriend has a card that he has been paying for ages, just above minimum so i am thinking of transferring it onto mine so its all in one place.
My question is does the card keep the balance transfer amounts separate?
So once i pay the original transfer amount the second transfer will start paying off, or will it now work backwards so the newest transfer is paid first? If its the second case then it would mean i still only have until May to pay back the whole balance on the card.

Thank you in advance

grumbler

greenrunner wrote: »

My question is does the card keep the balance transfer amounts separate?

Yes

So once i pay the original transfer amount the second transfer will start paying off,

Yes

or will it now work backwards so the newest transfer is paid first?

No

Check your T&C for the order of payments to make sure.

greenrunner

Thank you Grumbler I did have a feeling i was right but i spun myself in circles.