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How do repayments for transfers work?

When you transfer a credit card balance to your Barclaycard or transfer cash to your bank account, youll usually enjoy a promotional interest rate. When you make a payment to your account, itll go towards paying off the highest interest rate first, then any transactions made against your standard purchase rate and finally your transferred balance.

You can still benefit from up to 56 days interest free on anything new you buy after making a balance or money transfer, but you do need to pay off your main balance (excluding any promotional balances) in full by your payment due date. Don’t forget to make at least your minimum payments on time and to stay within your credit limit.

For Sterling cash transactions, we will always charge interest from the date they’re added to your account to the date you pay them off even if you pay your total outstanding balance in full by the payment due date.

Remember, your simple standard rate moves up and down in line with the Bank of England Base Rate.

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