Allocation of payments on 0%

surreysaver

Can anyone advise me from their own experience how NatWest and Lloyds allocate payments where you have two (or more) 0% balances with differing expiry dates?

I have existing 0% balances on these cards, with further 0% offers, but the T&Cs only state payments are allocated to balances in order of percentage, but with no further explanation where there are special offers at the same rate with differing expiry dates.

I have Barclaycard and Santander cards with more than one 0% balances on them, and with these payments are allocated to the first expiring first.

molerat

https://www.lloydsbank.com/credit-cards/ways-to-pay-your-credit-card.html

Multiple offers of the same interest rate and the same balance type will be paid off in the order you took them out, not the order in which the offers will end.

surreysaver

molerat said:

https://www.lloydsbank.com/credit-cards/ways-to-pay-your-credit-card.html

Multiple offers of the same interest rate and the same balance type will be paid off in the order you took them out, not the order in which the offers will end.

Thanks for finding that! I think I've read on these forums somewhere NatWest do the opposite?

HillStreetBlues

surreysaver said:

molerat said:

https://www.lloydsbank.com/credit-cards/ways-to-pay-your-credit-card.html

Multiple offers of the same interest rate and the same balance type will be paid off in the order you took them out, not the order in which the offers will end.

Thanks for finding that! I think I've read on these forums somewhere NatWest do the opposite?

https://forums.moneysavingexpert.com/discussion/6606153
There is a issue with Natwest