Add to excisting credit card balance

scorpiolady
Forumite Posts: 489
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Last October i was offered a 0% money transfer rate for 20 months on my Lloyds credit card so i borrowed £700 and have been paying it back £35 a month to get it cleared before the 0% ends
In May this year i will need to do a balance transfer of £2000 from MBNA and Lloyds have offered 0% for 14 months on the same card.
What happens with my payments if i transfer the balance
In May this year i will need to do a balance transfer of £2000 from MBNA and Lloyds have offered 0% for 14 months on the same card.
What happens with my payments if i transfer the balance
0
Comments
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There are some draft T&Cs on the Lloyds website. See condition B7.4
Are your own T&Cs the same as those?0 -
Yes they apply to me but i still dont understand.
So if i owe £500 on the money transfer and £2000 on a balance transfer then the money transfer will be paid up first, is that right?
Thank you for your reply0 -
scorpiolady wrote: »So if i owe £500 on the money transfer and £2000 on a balance transfer then the money transfer will be paid up first, is that right?Lloyds_Credit_Card_T&Cs wrote:If there is more than one type of balance at the same interest rate, they are paid off in the following order: cash transactions, purchases, balance transfers and money transfers, and then default charges (plus any interest or charges incurred as a result of those balances).0
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