We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
Transfering a specific part of the balance

Liamb
Posts: 2 Newbie
in Credit cards
Hi I have used a barclaycard for a while to transfer balances to and get 0% because I get a new balance transfer offer each time. E.g.
BT 1 - £3000 - 0% end Apr 2019
BT 2 - £500 - 0% end Dec 2019
BT 3 - £1000 - 0% end Aug 2020
Etc. Etc.
Now one of the offers is coming to an end with a balance left to pay. Eg. Balance £400 0% end Apr 2019. But there's a total balance of £2000 on the card. Could I transfer the specific £400 to another card and avoid interest? I.e. if I BT £400 to another card will it take the balance from my oldest offer or newest?
I would like to avoid moving the full amount if possible.
Thanks
BT 1 - £3000 - 0% end Apr 2019
BT 2 - £500 - 0% end Dec 2019
BT 3 - £1000 - 0% end Aug 2020
Etc. Etc.
Now one of the offers is coming to an end with a balance left to pay. Eg. Balance £400 0% end Apr 2019. But there's a total balance of £2000 on the card. Could I transfer the specific £400 to another card and avoid interest? I.e. if I BT £400 to another card will it take the balance from my oldest offer or newest?
I would like to avoid moving the full amount if possible.
Thanks
0
Comments
-
What do the terms of your card say about allocation of payments?
That will determine what gets paid.0 -
These are the generic Barclaycard T&Cs (yours may be different!)...
https://www.barclaycard.co.uk/content/dam/barclaycard/documents/personal/existing-customers/Terms-and-Conditions-Core-0118.pdf
On page 7 (of 9) they say...If you have more than one promotional balance at the same interest rate, we’ll use your payment to reduce the balance with the promotional rate that ends first
0 -
Thanks I took a look on my statement which was fairly generic:
Allocation of payments
Your payments will be applied in the following order:
-Make any installment plan payments due for that month.
-Reduce your main balance. We'll start with the balances charges at the highest rate first and then reduce the lower rate balances, and then
-If you have taken out any installment plans, to reduce any remaining installment plan balance.
I'm none the wiser so I'll need to take a look at more specific T&Cs I think.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards