I have balances spread across three cards. The interest free periods end this month, tesco ends tomorrow.
Santander - this balance isn't interest free at the moment.
Limit 10,100
Balance 4048.49
Current monthly payment 150
Tesco
Limit 8,800
Balance 2,401.52
Current monthly payment 30
Halifax
Limit 11,500
Balance 9,244.61
Current monthly payment 100
My question is, if I move a balance from one card, that amount becomes interest free, but the previous amount doesn't. If I move the previous amount, will it move that 'old' portion of money and not the new balance, leaving the old one there to accrue interest?
How do I move this money around in the best way please? And maybe spread it a bit better to get the best from the minimum payment amounts? I fucked up on that last year. If possible I'd like to reduce the min payments so I can overpay on each and get it cleared.
Thank you for any help 🙏