Virgin credit card transfer offer question

jmb1

I have an existing amount on my card with the 0% promo rate ending in January 2026. They've offered me a new money transfer but this is only to Nov 2025. So want to know will this affect my existing promo rate date i.e will the whole balance's end date become Nox 2025? Or will the two offers / end dates run consecutively?

Nasqueron

They will run separately

What should happen is any payments go towards the second balance ending in November, then the one ending in January - check your statements and see if that happens though as some do allocate funds in an odd way

jmb1

Nasqueron said:

They will run separately

What should happen is any payments go towards the second balance ending in November, then the one ending in January - check your statements and see if that happens though as some do allocate funds in an odd way

That's useful to know thank you. I will check but not sure how - will it clearly show on my statement two separate baances and which balance it is paying into/off?

DullGreyGuy

jmb1 said:

Nasqueron said:

They will run separately

What should happen is any payments go towards the second balance ending in November, then the one ending in January - check your statements and see if that happens though as some do allocate funds in an odd way

That's useful to know thank you. I will check but not sure how - will it clearly show on my statement two separate baances and which balance it is paying into/off?

The law requires payments to be made to the highest interest incurring statemented balance (for those that pay before a transaction has made it to a statement). Where you have multiple balances with the same interest rate it is down to the card company to determine which balance its credited to, this is something that will be included in the T&Cs

Nasqueron

jmb1 said:

Nasqueron said:

They will run separately

What should happen is any payments go towards the second balance ending in November, then the one ending in January - check your statements and see if that happens though as some do allocate funds in an odd way

That's useful to know thank you. I will check but not sure how - will it clearly show on my statement two separate baances and which balance it is paying into/off?

Just look at the statement for the month after you did the transfer and the month after that as the 2 BTs will be listed separately, if the one ending in November is not going down but the January one is, that shows the order they have done it. I have only seen it happen once, I cannot remember which card it was but it was annoying as I had to change the payment amount to clear one balance because the one that expired first was not being paid, might have been Santander

jmb1

DullGreyGuy said:

jmb1 said:

Nasqueron said:

They will run separately

What should happen is any payments go towards the second balance ending in November, then the one ending in January - check your statements and see if that happens though as some do allocate funds in an odd way

That's useful to know thank you. I will check but not sure how - will it clearly show on my statement two separate baances and which balance it is paying into/off?

The law requires payments to be made to the highest interest incurring statemented balance (for those that pay before a transaction has made it to a statement). Where you have multiple balances with the same interest rate it is down to the card company to determine which balance its credited to, this is something that will be included in the T&Cs

If the above is true with Virgin CC's and as both are 0% I will definitely have to check and request to change if needed. thanks.

jmb1

For anyone with similar question, just checked the T&C's for Virgin CC's:

12.2.  When we are allocating your payments in the above order, 

we will take the following into account:

•   At each stage, we pay off balances with the highest 

interest rate first, before repaying those on lower 

interest rates. This doesn’t apply to instalment plans  

(see below ). 

•  Where we charge interest on multiple promotional 

balances at the same rate, we will pay off the balances 

in the order that the promotional rate is due to end (for 

example, a balance transfer that is due to end in two 

months’ time will be paid off before another that ends  

in six months’ time). 

So as I read that, they will pay off the 0% balance offer that is due to finish sooner.