deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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0% balance transfer is ending on my credit card for the finance I did on my car (balance transfer to current account).
I will be able to pay it off so shouldn't be a problem, and I won't pay interest.
Me and the misses bought a new TV on 0% until July on purchases. One thing and another, I will have to make the minimum repayments we calculated (£30 each per month) to pay it off.
However if we don't pay it off when will the interest be applied?
i.e. from July onwards on the remaining card balance, or from when the transaction was first made? I heard somewhere that if you don't clear the 0% before it's up, they add the interest for the entire period. Is this true?
Any info would be great from past experiences 
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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iirc on my last card I just started paying interest on the remaining balance when the 12 months was up.
Normally just transfer to another card with 0% on balance transfers though.
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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Normall its just once the initial 0% period has finished.
There are some cards that offer interest free on purchases for 3 months but if its not payed off in 3 months you pay the interest since it was bought so its worth going online and checking your credit card terms.
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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I tried checking the terms but unfortunately couldn't find anything concrete. All it describes is applying interest at the standard rate after the promotional period.
Cheers for all the info
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Nismo
Member
Registered: 12th Sep 02
User status: Offline
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just transfer to another card, Barclays are offering 17 months 0% on balance transfers at the mo
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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Yeah I've got quite a few 0% deals available to me.
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