Hope this isn’t a silly question.
I have a cc which I transferred a balance to of £2k. This is zero percent for 24 months. If I make a purchase on the card then interest will be applied.
So at the moment I am just paying the minimum on the BT.
What if I decide to buy something say worth £300 on the credit card (to which interest will be applied), but the following month (before that interest kicks in) I pay off the £300 item plus the minimum will interest be applied? How will the CC company know that the £300 is towards the interest bearing item?
I can’t explain it very well, but hopefully someone can understand and answer this.