Credit card balance transfers..

[misslideaway]

I have recently transfered �800 of a �2600 balance from one card to another ( 0%).

On my older card I have �1500 of cash transactions and �1,100 of purchases.

Question is, How much do they transfer from each, as the cash rates are significantly higher than the purchase rates?

[dzug]

They will take it all from one - cash I think but I'm not certain.

[Loosehead]

They always pay of what is cheapest to you first so in your case the �800 will come off the purchases side so you still have the more expensive lump in tact and that will not reduce at all until the all the purchases side is paid off. Why have you only transferred �800 to the 0% card? I presume that's all they would allow.

Generally ask youself what is worst for you and that'll be what they do!

[dzug]

Having done some research rather than replying off the top off my head, there is no universal answer.

Looking at my own T&C, payments are (after interest has been paid) applied to the oldest transactions first on one card whether they are cash or purchases.

On another of my cards it's as I said - cash transactions paid off first.

Apart from the 'always' Loosehead could also be right for some cards

You'll need to read your own T&C to find out what happens to you.

[Loosehead]

Ok nearly "always"!