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What happens if I have a promotional rate and standard balance at the same time?

Until your Balance Transfer is completely paid off, you’ll be charged daily interest on any purchases from the purchase date until we receive your payment.

This is because:

  • If you have an outstanding balance i.e. a Balance Transfer, even if your balance transfer is interest free, you’ll be charged daily interest on any new purchases whilst you have this balance on your account.
  • In these situations, daily interest will continue to be charged on all new transactions from the date they were applied to your account until the date your payment is received, so you could see interest on your next month’s statement due to an overlap on your payment and our billing days.
  • Any payments received will be used to pay off new purchases first (unless you have a promotional rate).

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