partner used the barclaycard 0% purchase card to take out

Deals_2

cash by mistake. it looks like i am being charged interest now. could anyone enlighten me? thanks

YorkshireBoy

You'll probably be paying circa 20% APR+ on the cash balance until you completely clear the entire balance on the card...including all the purchases you've made so far.

Your summary box/T&C's will show how the 'order of payments' works.

Soubrette

Deals wrote: »

cash by mistake. it looks like i am being charged interest now. could anyone enlighten me? thanks

As Yorkshire Boy said, I think most cards will use any payments by you to clear the lowest interest paying balance, in your case the 0% one, they will not apply any payments to your cash balance (which is probably excluded from the 0% deal) until the outstanding balance on the 0% has been cleared.

The terms and conditions will more than likely confirm this

Sou

JonnyBravo

What the others said!

I'm afraid "he's gone and stuffed it up!"

Put him out in the shed until he makes it up to you.

Bismarck

I can only imagine the delight on the OP's face when this came out in the wash...one of the reasons I don't know my PIN for the cards that are out of bounds for shopping ....and cash withdrawals are just a no no...

Can certainly see how it could so easily happen...and sympathise

CLAPTON

how much waas the cash advance?

will how much was the 0% BT


if he cash advance was say 100, the interest charged over a year 100 x the cash apr so say £25
If the BT amount is a lot then it might be best just to let it run.

sheslookinhot

Take out another 0% CC and transfer the balance and don't let your partner (or you ), be so stupid again.

MarkyMarkD

I'd refer to CLAPTON's comment rather than sheslookinghot - just look at the interest on the cash advance as an additional fee for the benefit of the 0% on purchases, and weigh up the cost/benefit.

No point transferring the current balance on a 0% purchases card, where presumably the current balance isn't yet enormous?

Obviously if you've hardly used the purchases benefit of the card, it might be worth paying everything off and starting again with 0% purchases.