Halifax Balance Transfer Credit Card

Balance transfer fee refund - refunds part of a 3% fee so overall a 2.45% fee is payable.

Switch your credit card balance to our long balance transfer offer and pay no interest for over 2 years.

  • 0% for up to the first 28 months on balances transferred in the first 90 days (3% fee)
  • 0% for the first 6 months on purchases
  • Manage your card online using Online Banking and Mobile Banking.

Most customers will be offered our best rate of 18.9% APR (variable) and 0% for the first 28 months on balances transferred in the first 90 days (3% fee applies). Other customers will receive 0% for the first 28 or 25 months with a rate of 21.9% APR (variable), or the first 22 months with a rate of 25.9% APR (variable) on balances transferred in the first 90 days (3% fee applies). All customers will get 0% for the first 6 months on purchases.

Representative example:
A purchase rate of
18.95% p.a.
(variable)
With a representative
18.9% APR
(variable)
With an example credit limit of
£1,200

Credit limits and interest rates will vary based on your individual circumstances.

To keep promotional rates you must pay at least the minimum payment by the due date and stay within your credit limit.

This offer is not available on the high street but applying online only takes a few minutes.

Apply online

Apply now for a 28 Month Balance Transfer Credit Card

Apply now for a 28 Month Balance Transfer Credit Card

Extra benefits

How the balance transfer fee refund works:

  • You'll initially be charged a 3% fee for each balance transfer
  • We'll then refund 0.55% of each balance transferred to us within 90 days, so overall you will pay a fee of just 2.45% for each balance you transfer
  • Minimum balance transfer amount is £100.

This card also offers the following extras:

  • Manage your card online using Online Banking and Mobile Banking services
  • Transfers and payments made via Faster Payments
  • You're covered against online fraud on the Internet
  • Card replacement service if you lose it
  • No annual fees to pay
  • No interest on purchases if you pay your balance in full by each payment date
  • Accepted in 31 million locations (just look out for the MasterCard logo)
  • Additional cards and card holders available
  • And around the clock service.

Summary box

It’s always good to know the exact details so here is a clear summary of all the key credit card features. The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

SUMMARY BOX -  Halifax Balance Transfer Credit Card
APR Representative 18.9% APR (variable)
Rates from 18.9% APR (variable) to 25.9% APR (variable), depending on individual circumstances.
Interest
rates
  Introductory rate Monthly rate Annual rate
Purchases 0% p.a. for Purchases. This rate is fixed for 6 months from when we open your account. 1.456% or 1.667% or 1.941% 18.95% or 21.95% or 25.95%
Cash Withdrawals not applicable. 1.456% or 1.667% or 1.941% 18.95% or 21.95% or 25.95%
Balance Transfers 0% p.a. on Balance Transfers you make in the first 90 days after we open your account. This rate is fixed for either 28, 25 or 22 months from when we open your account, depending on individual circumstances. 1.456% or 1.667% or 1.941% 18.95% or 21.95% or 25.95%
We may apply the standard interest rate during any special promotion period to any transaction if in any month you do not make at least your minimum payment by the minimum payment date or if you exceed your credit limit at any time.
Interest-free
period
  • Maximum 56 days for purchases if you pay the full balance shown on your previous and current statement on time.
  • No interest-free period on balance transfers or cash withdrawals.
Interest
charging
information
You will not pay interest on new purchases if you pay the full balance shown on your previous and current statement on time. Otherwise, the period over which interest is charged is as follows:
  From Until
Purchases date debited to your account paid in full
Cash Withdrawals date debited to your account paid in full
Balance Transfers date debited to your account paid in full
Allocation of payments   If you don't pay your balance in full we will allocate payments to balances with the highest interest rate before balances with lower interest rates. See section 6.1 of the terms and conditions for full details
Minimum repayment An amount equal to the total of interest, default charges and 1% of the balance shown in your statement (minimum £5, or the full balance if less than £5).
Credit limit Minimum credit limit £500. Your cash limit is 50% of your actual limit.
Maximum credit limit Subject to status.
Fees No annual fee.
Charges Cash withdrawals 3% or minimum £3.
Balance Transfers 3% for each individual Balance Transfer.
Copy statements £6 for copies of non-current statements.
Copies of transactions £5 for each copy of a record of a transaction.
Foreign Usage Payment scheme exhange rate Indicative rates can be found at https://www.mastercard.com/global/currencyconversion/index.html
One or more of the following may apply:
Non-Sterling Transaction fee 2.95% of the amount of the sterling transaction value.
Cash fee 3% minimum £3
Default charges Late Payment charge £12
Returned Payment charge £12
Overlimit charge £12
These details are correct on 8/11/2013

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
08457 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 0845 600 46 11, (Lines are open 8am to 10pm, Monday to Friday, 9am to 6pm on Saturdays and 9:30am to 5:30pm on Sundays) or visit http://www.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:

Illustrative example For a purchase of £1,000 on your Halifax 28 Month Balance Transfer Credit Card...
Monthly Payment 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? £80.03 £54.53
How much interest will you be charged in the second year? £146.05 £40.47
How long would it take to clear the balance? 18 years 3 months 1 year 11 months

The above example assumes the following:

  • The transaction takes place on 1 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.

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 would like advice, we will be happy to refer you to a member of staff who will be able to help you. They will also be able to help you if you're experiencing financial difficulties.

Your APR explained

As we treat all our customers and their applications on an individual basis, the APR and interest rates we offer are determined by the details customers supply, along with an independent verification of credit and repayment history.

Most customers will be offered our best rate of 18.9% APR (variable) and 0% for the first 28 months on balances transferred in the first 90 days (3% fee applies). Other customers will receive 0% for the first 28 or 25 months with a rate of 21.9% APR (variable), or the first 22 months with a rate of 25.9% APR (variable) on balances transferred in the first 90 days (3% fee applies). All customers will get 0% for the first 6 months on purchases.

Your personal APR for purchases will be either 18.9% APR (variable), 21.9% APR (variable) or 25.9% APR (variable). Your interest rate for balance transfers will be the same as for purchases.

At least 51% of customers are offered our best rate of 18.9% APR representative (variable).

Apply

You can apply online within about five minutes. You'll need to have your credit card details to hand if you want to transfer balances online.

In most circumstances you'll get an instant decision.

This card is not available in our high street branches.

Balance transfers can be made from most credit and some store cards, excluding other Halifax products.

Halifax Credit Cards are issued by Bank of Scotland plc, Registered in Scotland No.SC327000.
Registered Office: The Mound, Edinburgh EH1 1YZ.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority except for lending where we are licensed by the Office of Fair Trading.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk
Credit facilities available subject to status to UK residents aged 18 or over.

You are here:  Home > Credit Cards > Balance transfer & purchase offers > 2.45% Balance Transfer refund offer