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Two promotional deals-one card
Rosylee
Posts: 201 Forumite
in Credit cards
Apologies for being daft...
I have a current 0% deal with Barclays until 2018 which I have been paying no problem by direct debit
There is an offer on my card to make another transfer until November 2016 which I would like to take advantage of.
My question is when the direct debit is taken, will this include the minimum payment for the November deal as well as the current deal. As the time is less for the November deal, will this balance be cleared first automatically or do I have to do something in particular to ensure that it does. Obviously I want to make sure that I pay the full amount by October 2016,if I make extra payments will it automatically go on the deal ending soonest or do I have to tell Barclays which deal the payment needs to apply to.
Hope that makes sense. I just don't want to mess this up so thought I would get some advice before I do anything. Thanks
I have a current 0% deal with Barclays until 2018 which I have been paying no problem by direct debit
There is an offer on my card to make another transfer until November 2016 which I would like to take advantage of.
My question is when the direct debit is taken, will this include the minimum payment for the November deal as well as the current deal. As the time is less for the November deal, will this balance be cleared first automatically or do I have to do something in particular to ensure that it does. Obviously I want to make sure that I pay the full amount by October 2016,if I make extra payments will it automatically go on the deal ending soonest or do I have to tell Barclays which deal the payment needs to apply to.
Hope that makes sense. I just don't want to mess this up so thought I would get some advice before I do anything. Thanks
0
Comments
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The minimum payment is a single payment based on your balance and interest rates.
It will be allocated to the promo that finishes first.0 -
agreed, there's no reason why you shouldn't do it ref. the terms of the account. it's just about whether it is right for you.0
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