Question on Rates – Forums



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.


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