- Green Member
- Posts: 3
- Joined: Tue Dec 08, 2015 8:49 pm
Here is Barclay's response:
Thank you for contacting us regarding your Barclaycard Rewards Visa Signature Card. We can certainly address your inquiry regarding the balance transfer on your account.
We are pleased to inform you that your account is eligible for a 0% Promotional APR on balance transfers until feb 01, 2017. This offer has a transaction fee of 1% of the amount of each transaction, not less than $5.00 no maximum fee. To avail of this offer, the balance transfer should be processed on or before February 01, 2016.
As an added convenience, you may review any promotional balance transfer offers and transfer a balance on the website. To do so, select the 'Account settings' link. On this page, you will see the balance transfer offers on your account just under the 'Balance transfer offers' heading. To verify the status of any balance transfer submitted click on 'See history' to the right of the 'Balance transfer offers' heading.
Please also know that any amount paid above the minimum payment each month is applied to your highest Annual Percentage Rate (APR) first, until each APR balance is paid. Based on the Credit Card Act, if there are multiple balances at the same interest rate we can treat them as one balance and apply the payments in the matter that we determine, as long as the amount in excess of the minimum payment amount due are being applied to the highest rates first. Please keep in mind that the “promotional balance” referred to in the minimum payment allocation refers to promotional balances with an interest rate or with deferred interest. All 0% promotions will only be paid once all of the purchases have been paid. We apologize for any inconvenience this may cause.
We deeply value your business and appreciate the trust you have placed in us. We are looking forward to catering your future financial needs! If you have any other questions or concerns, please reply to this message.
It looks like they could apply anything I pay towards the 2nd BT instead of the 1st. Both BTs are 0% for 12 months and 13.99 % after.
So see if you can come up with an answer for this one. 1st 0% BT FOR $3,000 ends 6/23/16 2nd 0% BT FOR $7000 ends 2/1/17 both are 13.99% after 12 mo , if on 6/24/16 I pay $3,000 would they have to apply it to the $3,000 balance because it is now 13.99% and the other transfer is 0% at that time? And if I can do that, what interest would I have to pay?