2nd balance transfer on to card

mrmeeeow123

Hello

Like a lot of people i am trying to juggle debt, I just wondered if anyone had any knowledge or view on my predicament.

Card 1 - £6000 debt currently on 0% until August 2015


Card 2 - £4000 debt paying shed loads interest


Card 1 company is offering a long term 0% deal, well within my credit limit, and i would like to transfer debt on card 2 on to card 1.

However I would like to transfer in the near future just after the 0% deal ends on the £6000 debt on to another card.

If i wanted to do this i would have card 1 with a £6000 debt coming to its 0% deal end and also card 1 would have the new £4000 debt transferred from card 2 on a long term 0% deal.

My question is if i tried a balance transfer of say £6000 from card 1 in august after the £6000 interest deal has ended would the transfer pay off the £6000 now attracting interest before paying off any of the new 0% deal?

Does a balance transfer always pay off the debt on a card in order of highest interest first?

If so i would assume card 1 with an old deal come to an end £6000, would be paid off before the nrew long term 0% deal £4000?

anyone know before i do this, any help would be very very gratefully received, even your thoughts

Many thanks


sorry if i have made no sense, or put it in a confusing way:(

Alexd52

The order of payment is against the highest interest portion first. In the case of multiple balance transfers on one card, the payment should be allocated against the one finishing the earliest first. I have not put this to the test, but, in my opinion, you should be ok.