How do 0% Balance Transfers work with a card which you have other balances?

I transferred a balance from Capital One to Citi because my interested on capital one was recently increased. The only issue is I still use that card and pay it all off every month since the interest on that card is 23.99% How can I pay the balance transfer off at the same time while not paying interest on the other charges that I put on that credit card?|||Well, isn't that simple?


You either do NOT use the Capital One card so you don't have a balance to pay off, or if you feel the need to use it, you just keep paying if off every month.|||Under the new laws, the minimum payment amount will be applied to the lowest interest rate. Anything over the minimum will be applied to the highest interest rate. Basically, you won't be able to charge items, pay the new charges, and avoid interest.





You could use the Capital One for your new purchases and pay the balance in full every month. That way you would avoid interest on the new purchases and your whole payment to Citi would go to the transfer balance.|||http://www.moneysavingexpert.com/site/th鈥?/a>





I use this site whenever I need to know anything. It's Martin Lewis' official website. You know, the guy that writes for one of the major tabloids(either the Sun or the Star I can't remember) and has appeared on Tv several times with tips on consumer rights, how to deal with unfair bank charges etc. I find it very useful and you'll find a far better answer than I can give|||Balance Transfers are a fantastic way to save money without securing your house on a loan. MBNA offers the best deal 1. 99 for 10 months. There are certain tricks to using balance transfers effectively without incurring fine print penalities. First once you have the 1.99 percent ask for a rate increase during the day from the credit dept to help you cover all your debt. Pay off your balances with the checks they issue and then put the card away in safekeeping and never ever use it for purchases. Be 100 percent sure you pay the card interest and on time every month. I repeat do not make purchases on the card. The balance transfer does not apply to purchases. Two months before your 1.99 runs out apply for a different card and pay the first one off with the new one. This is perfectly legal but to save whacks of cash you must follow their rules specifically. Careful, Citi MC may give you a 2.99 offer but read the fine print. Sometimes the balance transfer fee is 1% making the total interest rate in that case 3.99. Go for the lowest rate possible. I've been doing this for 10 yrs so if you have any questions just email me. Good Luck! Save tons of cash!