Halifax All in One Credit Card
Features & benefits
Balance transfer fee refund - refunds part of a 3% fee so overall a 0.8% fee is payable.
- 0% for the first 15 months on balances transferred in the first 90 days (3% fee)
- 0% for the first 15 months on purchases
- Manage your card online using Online Banking and Mobile Banking.
The majority of customers will be offered our best rate of 17.9% APR representative (variable). Other customers will receive rates of either 21.9% APR (variable) or 25.9% APR (variable).
|A purchase rate of
|With a representative
|With an example credit limit of
|Credit limits and interest rates will vary based on your individual circumstances.|
Applying online only takes a few minutes.
How the balance transfer fee refund offer works:
- You'll initially be charged a 3% fee for each balance transfer.
- We'll then refund 2.2% of each balance transferred to us within 90 days, so overall you'll pay a fee of just 0.8% for each balance you transfer.
- Minimum balance transfer amount is £100.
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 All in One Credit Card|
|APR||Representative 17.9% APR (variable)
Rates from 17.9% APR (variable) to 25.9% APR (variable), depending on individual circumstances.
|Introductory rate||Monthly rate||Annual rate|
|Purchases||0% p.a. for Purchases. This rate is fixed for 15 months from when we open your account.||1.385% or
1.667% or 1.941%
|Cash Withdrawals||not applicable.||1.385% or
|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 15 months from when we open your account.||
|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.|
|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:|
|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|
|These details are correct on 05/08/2013|
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, 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 All in One 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?||£0.00||£0.00|
|How much interest will you be charged in the second year?||£102.72||£13.02|
|How long would it take to clear the balance?||18 years 1 month||1 year 10 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.
Giving you extra
Why choose Halifax?
At Halifax we're always looking at ways of giving our customers extra.
That's why all our credit cards come with the following additional benefits:
- Accepted at 31 million locations worldwide
- Additional cards available
- Cover against online fraud when buying things online
- Manage your card online
- Around the clock service
- Card replacement available if lost.
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.
The majority of customers will be offered our best rate of 17.9% APR representative (variable). Other customers will receive rates of either 21.9% APR (variable) or 25.9% APR (variable). All customers will get 0% for 15 months on balances transferred in the first 90 days (3% fee applies) and 0% for the first 15 months on purchases.
Your personal APR for purchases will be either 17.9% 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 17.9% APR representative (variable).
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% 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.