A balance transfer is when you move the balance from a credit or store card to another credit card. Watch this short video if you want to know more.
Some customers want to keep all their credit card balances in one place. A balance transfer can let you do this.
Also, a balance transfer could help you save on interest as they often come with a promotional offer.
Find out more below.
If you’re eligible, you’ll find your balance transfer offers when you sign in to Online Banking. Then, just follow the simple on-screen instructions. Make sure you have the card details of all the balances you want to transfer and you understand the terms and conditions.
If your available credit limit isn’t sufficient to complete the transfer, you can apply for a credit limit increase online . Simply select the ‘More actions’ button on your credit card account and then the ‘Manage credit limit’ button.
After we approve it, the transfer will normally arrive by the next working day.
The minimum balance you can transfer is £100. The maximum will need to be less than your available credit limit. This is to allow for any balance transfer fee plus any other fees or transactions. You cannot transfer a balance from other Halifax credit cards, loan companies or bank accounts.
Balance transfers are about moving credit or store card balances to a different credit card. A money transfer lets you transfer money from your credit card to any of your own UK-based current accounts. To find out more, visit our money transfer page.
We generally offer two types of promotional offers on balance transfers: