Money and balance transfer concurrently

Gouranga

Hi guys,


I've been looking into consolidating my current credit card and overdraft debt into one card.

I've seen the MBNA card has an offer for 40 months interest free balance transfers and 20 months interest free money transfers.

How does this work if I use a balance transfer and a money transfer, does the interest only start on the money transfer amount after 20 months? If I pay the card down will it for example pay down the balance transfer debt first and then the money transfer?

Would it just be easier to get 2 new cards?

Cheers for your help!

[Deleted User]

Interest will start on each balance after the relevant period.

Check the t&cs for allocation of payments, but it is most likely that the balance with the earliest end date is paid off first.

Gouranga

Thanks for the clarification!