Balance transfer & money transfer

Monkeyboy2019

I've got a new 0% credit card and done a balance transfer. The 0% rate lasts for 27 months. I was also thinking of a doing a money transfer from the new credit card to my current account. Again, the rate is 0%, but for 12 months.

I assume if I do the money transfer, this doesn't affect my 27 month balance transfer rate? In other words, say I do a money transfer of £200... as long as I pay off £200 before the end of the 12 months, I would still have the extra months to pay off my initial balance transfer?

Nebulous2

You need to look up the conditions for your card. 

Credit cards must put any payments you make to the highest interest balance.

With 2 zero % balances that doesn't apply. 

They could put all your payments towards the offer you took out first, meaning you get to 12 months without having paid off anything on the £200 MT and then have to pay interest on it. 

Your terms and conditions will tell you the order of payments they use, there is some variation, depending on the lender. 

You need to check that and go into this knowing what impact it will have. 

Monkeyboy2019

Thanks for the reply.