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Mbna, advice needed regarding Balance & money transfer
ssdkck
Posts: 122 Forumite
in Credit cards
I originally got the mbna credit card in 2018 for a balance transfer of £2500 on a promotion offer to end in 2021. In 2019 I did a M/T for £1000 to end February 2020 & a second B/T for £1500 to end may 2020. I didn't realise that my monthly payments were still going towards my original B/T ending in 2021 and not the balance of the M/T promotion offer that would be ending first in the February and then the B/T ending in may. I have a tesco credit card and they allocate your payments to the offer that ends first. Now because i have an outstanding balance on the M/T I'm now paying interest but it does look like my payments are now being allocated to reduce the February M/T. What a mess ! Really I should try to move this debt on to another card doing a balance transfer but if i do what will i be paying of ?
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Comments
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It will go according to the payment allocation. - so the same balance as is currently being reduced.1
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