We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
How to transfer higher interest portion of balance
Options

Moomin630
Posts: 1 Newbie
in Credit cards
Hi - I have a CC with x amount at 0% interest and x amount 35% interest. How do I transfer just the higher % interest part of the balance to another 0% deal on a different card?
0
Comments
-
Most card providers, although it would be wise to check with the lender beforehand, will allocate payments to the balance bearing the highest interest, which in your case is the 35% APR balance. If you balance transfer £X.XX amount from the current card to the new one, it should clear the interest portion.
You need to ask the lender if payments are allocated to the part of the balance bearing the highest interest. If this is correct, then clearing that portion of the balance onto another card should work.Advice provided from this account does not consist of any professional knowledge. For professional debt advice, please contact either National Debtline or StepChange. Advice may consist of personal experience, opinion and/or informational sources.0 -
You simply do the BT.
All lenders will allocate payments to the highest statemented balance.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.6K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.6K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards