Understanding 0% interest on balance transfers with 0% interest on purchases offer

Loveconker

Hi Guys,

I’m after some clarification and help!

I have recently transferred an outstanding credit card balance of £4000 to a 0% interest credit card for 33 months (Barclays). The credit card is also offering 0% interest on purchases for 6 months.

My question is.... I have spent about £700 with this offer and hoping to have the extra £700 paid off within the 6 months and before the 0% offer ends. If I do pay the £700 off... will I still pay the interest after the promotional offer ends?

I’m confused, because I seem to think because I will have paid the extra £700 off during the 6 month offer, it should go back to the previous balance of £4000 with 0% interest for 33 (now 27 months). Should I only receive interest if I haven’t paid the £700 off... of even if I have only paid back half of the new purchases balance e.g £350?

Thanks,
Em

molerat

According to the T&Cs all payments will go towards the first ending offer which is the purchases promo. If you have any of the purchase balance left at the end of the promo it will attract interest at the standard rate and again all payments made will be against the purchases because that is then the highest interest balance. The balance transfer will not attract interest until the end of that promo period.


Do check your own T&Cs in case they vary from the standard.

[Deleted User]

No. So long as you’re still making the minimum payment to the 0% BT offer as well.

Loveconker

Thank for this! Massive help!