If you want to keep all your existing balances in one place, a balance transfer credit card could be a good way to do this.
Balance transfer credit cards usually come with an introductory offer, so when you transfer a balance from one card to another, you’ll pay that interest rate until it comes to an end. Transfer fees may apply.
See if you’re likely to be approved for a Halifax credit card. Your credit score won’t be affected and there’s no obligation to apply afterwards.
You could move your current credit card or store balances to a card with an introductory offer on balance transfers.
You could put your current credit card and some store card balances together, so they’re easier to manage.
How long do they take?
Balance transfers normally arrive the next working day after they’ve been approved. Transfer fees may apply.
How much can you transfer?
The minimum amount is £100 and there’s no limit to how many you can make. Just make sure you stay within the credit limit you’ll be given when approved for your new credit card. You’ll also need to allow for any balance transfer fees and other transactions to be added to the card.
What happens after the introductory offer ends?
Your interest will go to the standard rate for your credit card. This might be higher, unless you clear your balance in full before the introductory offer ends. Bear in mind, you’ll lose your introductory rate if you don’t make your minimum payment each month and stay within your credit limit.
Things to look out for
Check your balance, review transactions, make payments, request transfers and lots more on your computer, phone or tablet.
You won’t be charged for transactions you didn’t authorise, as long as you tell us if you spot anything odd, or if you lose your card.
Make repayments through your bank, using your debit card, or set up a regular Direct Debit.
Call us 24/7 (in most cases) if you need to talk to us about something on your account.
Make secure payments wherever you see the contactless symbol. Add your card to your phone too, to make paying even quicker.
Get your statements delivered online instead of through your letterbox.
A credit card can be very handy. The trick is learning how it works so you can use it wisely. Whether you’re thinking of applying for a Halifax credit card or you’re already a customer, our guides will help you find out more.