Natwest Reward Credit card Balance transfer and then spend

swaledale_one

Hi everyone just after some advice.

I  did a balance transfer of £1900 with fixed 0% till Nov 2025 to my reward account. I then paid back £1200 straight away leaving £700. 

I have since bought a lot on the card but pay back the following day in exact amounts.

I've just received interest on the owed £700 but when I've gone into the actual statement it states £250 is left to pay in the 0% till Nov 2025 category.

With £700 in the 1.3% a month, 20%apr category 

Does this mean when I thought I was paying for the items I have bought I have infact just paying down on the 0% debt instead letting the purchases accumulate within the high apr zone?

SuperAllyB

Not familiar with NatWest but most, if not all, cards apply payments to transactions that have appeared on statements before transactions that haven't.  You've been paying off too soon.  Hence the advice, in almost all cases, never to mix 0% deals and spending on the same card.

Olinda99

yes you needed to wait  until a statement was produced before paying as payments are allocated to statemented amounts first, not new unstatemented spending

sausage_time

I always think it best not to spend on BT cards during the 0% period.  If you are paying back the following day, why not just use a debit card for example.  Keeping BT balance separate makes balances easier to track and there is no confusion or ambiguity.  

swaledale_one

Thanks for the replies, I make purchases using the natwest card for the money back when I don't have the Chase card , lesson learnt, have shifted the debt to another card on 0 percent that I don't use.