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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, you’ll usually enjoy a promotional interest rate. When you make a payment to your account, it’ll go towards paying off the highest interest rate first, then any transactions made against your standard purchase rate and finally your transferred balance.

If you make any further transactions after making a transfer, you’ll incur interest at your standard purchase rate between the day of the transaction and the day you pay your bill. Remember, your simple standard rate moves up and down in line with the Bank of England Base Rate. 

For example, if you don't repay your statement balance in full (including balance transfers and cash transfers), interest will be charged on a daily basis for purchases. This will continue from the date the transaction is applied to your account until the date your payment is received.

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