0% Balance Transfer - Payment Allocation

EuroMillions_2

I have a credit card with £1500 @ 0% offer which is due to expire 1st February 2024. There are no other purchases or transfers at higher % rates on this card at present. Yesterday, I transferred a balance of £7000 onto this same credit card from a different credit card @ 0% until 1st January 2026. The transfer was made after the December statement was produced, so it will show on my January statement. My question is, if I pay off the £1500 in January will the payment be allocated against the £1500 balance that's about to revert to 15.58% on 1st February or will it be deducted from the £7000 @ 0% that I've just transferred?

MorningcoffeeIV

It depends on the card. 

Check the payment allocation terms in the agreement, or identify the card here and someone will check.

EuroMillions_2

MorningcoffeeIV said:

It depends on the card. 

Check the payment allocation terms in the agreement, or identify the card here and someone will check.

Transfer from MBNA to Barclaycard Cashback

grumbler

Barclaycard terms and conditions

Ctrl+F >> "allocate "

born_again

TBH, you would have been better to clear the £1,500 1st. 

EuroMillions_2

From Barclaycard T&C's

'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'.

I think that's what I was expecting.