Paying off 0% Credit Card

Ara1985

So this isn’t as straight forward as the title but I will try to explain best I can. 

I’ve had a Tesco credit card for a few years. It was at 0 but they offered me 0% on transfers in October 2019 so I transferred some money I had on another card (£2500). They gave me another offer in Nov/Dec and knowing I would be getting my end of year bonus to pay some of the money off I transfer another £4000. End of Dec I pay off £4000. New balance in Jan is £2758. They give me another 0% offer so I transfer another £800. 

That brings my September 2020 statement to £3,317 as shown. 

So my first 0% offer where I transferred the initial £2500 will be ending 10 October. Does this mean I will now pay interest on the £3,317 outstanding? Or not as in theory I paid off the £2500 in Dec? 

I hope this makes sense! 

[Deleted User]

It depends on what balances you have on what promos, which depends on how payments have been allocated to your multiple 0% balances.  

Most common is by closest end date first.

Each balance will attract interest according to the terms of that specific promo.

Ara1985

Sorry I forgot to add that each offer was for a  period of one year.

nomoneytoday

AFAIK, they usually go in order of highest to lowest interest rate and then where the same rate is applied then by date order.
 

Ara1985

Sorry I have to say I didn’t understand either of the replies but thank you anyway! I have applied and been accepted for another 0% card with no transfer fee so I will just transfer the balance to that now and not worry about it :-)