Reducing Interest Free Card balance

KEROUAC1957

I hope someone can answer this query.

I have three separate interest free deals on my Barclaycard (lets just say they are for £1500 each i.e a total of £4500 - I'm not sure of the specific amounts).
One of them is due to expire in a few months. I'm just wondering if I get a new 0% balance transfer deal from another lender for £1500, will Barclaycard apply it to the earliest deal? I'm just worried they will leave the earliest deal untouched and I'll get hit with interest charges.

I hadn't thought about this problem when I added the other two deals.

Foxy-Stoat_3

To avoid nasty surprises, wait until interest starts getting charged and then do the balance transfer.

Ja17nby

Isn't interest charged from the initial period on any outstanding balance so there will be a big hit once the interest free period runs out I was stung on my Argos card

TadleyBaggie

Ja17nby wrote: »

Isn't interest charged from the initial period on any outstanding balance so there will be a big hit once the interest free period runs out I was stung on my Argos card

Generally not. Interest would normally be payable on the outstanding balance once the 0% offer runs out.

Buy now, pay later deals work differently, if you fail to pay the total balance when the interest free period expires, the you often have to pay the interest for the whole period.

KEROUAC1957

Thanks for the replies. I think I discovered the answer. Once the 0% period has expired I believe banks apply any money you pay to the highest rate of your overall balance first which seems fair if true.