Halifax 22 Month Balance Transfer Credit Card
Features & benefits
If you earn £20,000 or more a year switch your balance over to our longest EVER balance transfer offer and pay no interest for almost 2 Years.
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0% for 22 months on balance transfers (3.5% fee applies)
Our longest ever introductory offer to help you manage your existing credit -
0% for the first 3 months on all purchases
To help spread the cost of any new purchases -
Halifax MasterCard offers including fantastic deals and discounts on travel, entertainment and shopping.
| Representative example: | ||
| A purchase rate of 17.95% p.a. (variable) |
With a representative 17.9% APR (variable). |
With an example credit limit of* £1,200 |
| *Credit limits will vary based on your individual circumstances. | ||
Unfortunately we can't accept your application if you don't earn the £20,000 a year minimum.
Applying only takes a few minutes and you'll get an instant decision.
Please be aware to keep promotional rates you must pay at least the minimum payment by the due date and stay within your credit limit. Balance transfers can be made from most credit and some store cards, excluding other Halifax or Bank of Scotland products.
The details
| Representative example | The purchase rate is 17.95% pa (variable) with a representative 17.9% APR (variable). With an example credit limit of £1,200 | |||
| APR | Representative 17.9% APR (variable) | |||
| Interest rates | Introductory rate | Monthly rate | Annual rate | |
| Purchases | 0% for 3 months | 1.385% or 1.667% or 1.805% | 17.95% or 21.95% or 23.95% | |
| Cash advances | N/A | 2.075% | 27.95% | |
| Balance transfers | 0% for 22 months | 1.385% or 1.667% or 1.805% | 17.95% or 21.95% or 23.95% | |
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We may apply the standard interest rate to transactions before the end of the special promotion period if in any month you do not make at least your minimum payment by the payment date or if you exceed your credit limit at any time. |
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| Interest free period |
You won't pay interest on purchases if you pay your balance in full and on time each month. See section 3.5 of the terms and conditions for full details. There's no interest free period on cash advances, balance transfers or cheques. |
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| Interest charging information | You won't pay interest on new purchases if you pay your balance in full and 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 advances | Date debited to your account | Paid in full | ||
| Balance transfers | Date debited to your account | Paid in full | ||
| All other amounts | Date debited to your account | Paid in full | ||
| Allocation of payments | If you do not pay your balance in full we will allocate your payments to balances with the highest interest rate before balances with lower interest rates. See Section 2.2 of the terms and conditions for full details. | |||
| Minimum repayment | Each month in which you have a balance outstanding on your account you must repay an amount equal to the total of any Credit Card Repayments Cover premiums, interest, default sums plus 1% of the balance shown on your statement (minimum £5), or the full balance if less than £5. | |||
| Credit limit | Minimum credit limit | Subject to status | ||
| Maximum credit limit | Subject to status | |||
| Fees | No annual fee | |||
| Charges | Cash advance fee | 3% or minimum £3 | ||
| Foreign exchange commission | 2.95% | |||
| Balance transfer fee | 3.5% or minimum £3.50 | |||
| Cheque fee | 3% or minimum £3 | |||
| Copy statement fee | £5 | |||
| Statement date change fee | £5 | |||
| Processing any foreign currency payment to us | £10 | |||
| Stopped cheque fee (other than lost or stolen) | £10 | |||
| For further details please refer to the account terms and conditions. | ||||
| Default charges | Late payment fee | £12 | ||
| Over limit fee | £12 | |||
| Returned payment fee | £12 | |||
A little extra
Why choose Halifax?
At Halifax we're always looking at ways of giving our customers a little extra help.
That's why all our Credit Cards come with the following extras:
- Manage your card online using Online Banking and Mobile Banking services
- Transfers and payments done in hours, not days, with 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
- Around the clock service
- And you can choose for from a selection of 5 card colours.
Your APR explained
As we treat all our customers and their applications on an individual basis, the APR we offer is determined by the details customers supply, along with an independent verification of credit and repayment history.
Your personal APR for purchases will be either 17.9% APR (variable), 21.9% APR (variable) or 23.9% APR (variable). Your interest rate for balance transfers will be the same as for purchases.
51% of customers are offered our best rate of 17.9% APR representative (variable).
Representative Example:
The purchase rate is 17.95% pa (variable) with a representative 17.9% APR (variable). With an example credit limit of £1,200
Credit cards explained
A credit card can be a convenient way to buy everyday items like shopping and petrol, and those one-off purchases like a holiday or a new TV. It can also be useful for those unexpected expenses like a boiler breakdown or car repairs. As part of our commitment to helping you make an informed decision, here are some things to consider when applying for a credit card.
What features and benefits can I expect?
A Halifax credit card is a flexible and convenient way of borrowing money in the short term. It's a safe and versatile way to pay for goods and services and offers protection against fraud. It will allow you to transfer higher rate credit and store cards to the card with the 0% promotional rate during the promotional period with a 3.5% fee for the service. Your card limit is based on your income and borrowing commitments. We'll tell you your limit after your application is accepted. You can reduce this if you like. After six months, if you would like to increase your limit, we'll be happy to review the amount of credit we can offer.
What commitment do I need to make?
Your biggest commitment is to pay at least the minimum payment on time as shown on your statement. You should think about what you'll do if the unexpected happens too. Please always read the terms and conditions to help you understand how your credit card works.
Are there any risks?
Even if your card offers an interest-free period on purchases, if you don't pay your bill in full each month you will be charged interest on your purchases. If you only pay the minimum each month, you'll pay more interest and take longer to pay off any money you borrowed. Interest charges will apply on any balance transfers (outside of the promotional terms), credit card cheques or cash withdrawals made on your credit card even when you pay your balance in full. If you miss or make a late payment, you'll be charged a fee.
What else should I think about before I commit?
Remember that a credit card isn't a debit card and if you use it to withdraw cash you'll be charged interest and a fee. Also if you withdraw cash overseas, you'll also incur an additional fee. Don't forget, you can close your credit card account at any time - our products have no tie-ins. However, you must clear any outstanding balance first. When you apply for a credit card, we'll usually check your credit history with a credit reference agency. If you apply for lots of credit, this could have a negative impact on your credit rating. Credit cards have many advantages but they may not be for you. If you don't have the money to pay for what you're buying and need extra funds, you might pay a lower rate of interest with an arranged overdraft or personal loan.