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Balance Transfer
KT2802
Posts: 595 Forumite
in Credit cards
Hi all,
I have a 0% deal coming to an end with Barclaycard soon and want to transfer the remaining balance (£950) to my Nationwide card in order to pay a lower rate on the remaining balance (the Barclaycard is 34% APR). I'm aware it would have been more useful to pay off the balance before the 0% deal ended but unfortunately haven't been able to do this.
I don't currently have the funds on my Nationwide card to complete the transfer so have taken advantage of another Barclaycard 0% deal and transferred the balance of that onto my Barclaycard. When I transfer the old Barclaycard balance (£950) to the Nationwide card, will they transfer this old balance or could they potentially take this from the new transfer I made, hence I would still be charged interest on the £950?
Sorry if this is confusing, it's difficult to explain what I mean. I would prefer to open a further card with a 0% deal but my chances of being accepted are low.
I have a 0% deal coming to an end with Barclaycard soon and want to transfer the remaining balance (£950) to my Nationwide card in order to pay a lower rate on the remaining balance (the Barclaycard is 34% APR). I'm aware it would have been more useful to pay off the balance before the 0% deal ended but unfortunately haven't been able to do this.
I don't currently have the funds on my Nationwide card to complete the transfer so have taken advantage of another Barclaycard 0% deal and transferred the balance of that onto my Barclaycard. When I transfer the old Barclaycard balance (£950) to the Nationwide card, will they transfer this old balance or could they potentially take this from the new transfer I made, hence I would still be charged interest on the £950?
Sorry if this is confusing, it's difficult to explain what I mean. I would prefer to open a further card with a 0% deal but my chances of being accepted are low.
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