England Finance

Nov 4 2017

Halifax UK #low #rate #credit #card #balance #transfer


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No Fee 0% Balance Transfer.

Important information about our credit cards:

  • If your application is successful you ll get a credit limit and any applicable promotional rates based on your current status
  • You can transfer balances to us (minimum 100) from most credit cards and some store cards, excluding Halifax products
  • To keep any promotional rates you must pay at least the minimum payment on time and stay within your credit limit
  • 0% for up to 29 months from account opening on balance transfers made in the first 90 days.
    Minimum 100 balance transfer. At least 51% of customers will get 0% on balance transfers for the first 29 months and a representative rate of 18.9% APR (variable). Others will get 0% interest on balance transfers for the first 14 months and a rate of 21.9% APR (variable) or 25.9% APR (variable).
  • 0% fee applies on each balance transfer made in the first 90 days.
    3% fee applies on each balance transfer made after the first 90 days.
  • 0% for 3 months from account opening on purchases.

Representative example

A variable representative of
18.9% APR

A variable annual purchase rate of
18.95% p.a

Based on borrowing
1,200 over 12 months.

This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.

About your card

Here are some of the key features you get with your Halifax Credit Card

  • Cover against online fraud and your transactions are protected by Halifax Secure when you shop online with participating retailers.
  • Manage your card online using Online Banking and Mobile Banking app .
  • Make Faster Payments to your card within a matter of hours, giving you more flexibility and control over your finances.
  • Accepted wherever you see the MasterCard sign at over 33 million locations worldwide.

What is a representative example?

The representative example is an illustration of the rate that the majority of customers will get. If a credit card is described as having a particular representative APR, then at least 51% of the applicants accepted will get that rate. Other customers may get a different rate based on their individual circumstances.

We use an example borrowing amount of 1,200 to calculate our representative example but in reality this figure could be different. This figure is not the credit limit you will be receiving and is for illustrative purposes only.

The purchase rate is the rate of interest you’ll be charged on purchases made with your credit card after any introductory offer has ended. A variable rate means that your interest rate may change over time.

Annual Percentage Rate (APR) tells you how much your borrowing will cost over an average year. It takes into account interest charged as well as any additional fees you’ll have to pay (such as any annual fees). This figure is given to allow you to make an easy and fair comparison between different credit cards.

How do we decide the APR you get?

We treat all applications on an individual basis. So the APR you get is determined by the details supplied on your application, along with an independent verification of your credit and repayment history.

At least 51% of customers will get a representative rate of 18.9% APR (variable). Others will get a rate of either 21.9% APR (variable) or 25.9% APR (variable).

We should be able to give you a decision within 5 minutes.

Cost of Borrowing

Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 03457 28 38 48 . Lines are open 24 hours a day, 7 days a week.

For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Halifax Personal Loans on 03 45 600 4611 . (Lines are open 8am to 10pm, Monday to Friday, 9am to 6pm on Saturdays and 9:30am to 5:30pm on Sundays) or visit halifax.co.uk/loans or call into a Halifax branch. where our staff will be happy to help.

The following example highlights the difference between only paying the minimum and paying a fixed amount:
For a purchase of 1,000 on your Halifax Balance Transfer CREDIT CARD.

If you pay the minimum payment each month

If you pay 50 each month

How much interest will you be charged in the first year?

How much interest will you be charged in the second year?

How long would it take to clear the balance?

18 years 4 months

2 years 2 months

The above example assumes the following:

  • Any promotional offers are excluded.
  • The transaction takes place on 1st January and you make no further transactions.
  • You always make the payment each month on the 15th.
  • Your statement is produced on the 1st of each month.
  • You are on the best rate available for this card.

Halifax is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you d like to talk to us about the choices you ve made or you would like further information, please contact us. We will also be able to help you if you re experiencing financial difficulties.


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