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You could switch your Halifax credit card to suit your changing needs.
Swapping your existing credit card could help you to:
A swap could be a good option if, for example, you used your existing credit card to transfer a balance which is now paid off, and you now need a card with lower interest rates for purchases.
A credit card could help you to make and manage larger purchases.
Make things easier to manage by moving your balances to a single card.
Manage your day-to-day expenses on things like travel, food and fuel.
Some credit cards offer benefits created especially for keen travellers.
Your PIN will be delivered by post within five working days.
Your new credit card will follow, arriving within seven working days.
We send these separately for security. If your card doesn’t arrive within 2 days of your PIN being delivered, please call us on 0345 944 4555. Speak to an adviser 8am – 8pm, seven days a week.
Not all Telephone Banking services are available 24 hours a day, seven days a week.
Think about the main reason for switching from your existing credit card. The lowest and longest lasting interest rates are usually offered on one transaction type.
Card purchases – perhaps you’re planning a large purchase and need to spread the cost over a few months, or you’re looking for a credit card to manage everyday spending.
It’s useful to know that, unless a 0% p.a. promotional rate for purchases applies, to avoid paying interest on purchases you need to pay off your full statement balance every month.
Balance transfers – you could consolidate credit card balances you hold elsewhere, making your outgoings easier to keep track of. Transfer fees might apply.
At Halifax, you can transfer balances from most credit cards and store cards which display the Mastercard®, American Express®, or Visa® logos, but not from loan companies, bank accounts or other Halifax credit cards.
Money transfers – selected credit cards give you the option to transfer funds to your UK current account, helping with cash-only purchases and unexpected expenses. Transfer fees might apply.
It’s useful to know that if you make a purchase using money transferred from your credit card to your current account, the purchase will not be protected under Section 75 of the Consumer Credit Act 1974 – unlike some credit card purchases.
More on money transfers
Applying to swap your credit card could affect your credit score in a few ways:
The way you manage your borrowing is also important. For example, if you don’t make payments on time or you go over your credit limit, in addition to fees, charges and losing any promotional interest rates, you also risk damaging your credit score.
Before you switch to a new credit card, consider if this is the right borrowing option for you, and if you’ll still be able to make repayments if your circumstances changed.
If you’ve got a balance on your existing credit card, it’ll move to your new credit card when you swap. It’s just important to remember you’ll lose your existing interest rates, including any introductory or promotional rates.
Introductory interest rates on the card you swap to are limited to new transactions only.
The standard interest rates on your new credit card will apply to any outstanding balances moved across, so make sure you understand any changes in the cost of borrowing.
If the standard interest rate is higher than you’re paying already, or promotional interest rates apply to the balance on your existing credit card, you might prefer to:
It’s useful to know that payments you make are allocated to balances with the highest interest rates first, helping to keep your interest costs down.
To see the interest rates which apply to your existing credit card, check:
Yes, you could make changes to your existing credit card, so it better suits your needs:
Useful for switching between card types, or to take advantage of new interest rates.
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 under registration no. 169628.