Reply To: Curve questions – is it worth it?

[memesweeper]

NorthernLass wrote:

You have to be really careful if you are using any kind of 0% offer and not paying the full balance each month. The policy of some banks is that any payments go towards the interest-free payment first, which means that you then start racking up interest on any other spend you make which doesn’t fall within this category. Banks could decide to change they way they treat Curve at any moment (from earlier comments, Virgin, for example, seems to treat many transactions as cash-like).

If using 0% balance transfer you need to not spend on the card at all, and start with a zero balance. Then it should be safe to make less than a full balance payoff and enjoy the benefits of 0%.

Same applies to 0% on spending cards – when the offer period ends stop spending until the balance is cleared.