Swap your existing credit card
You could switch your Halifax credit card to suit your changing needs.
Why do you want to swap?
Swapping your existing credit card could help you to:
- Move from one card type to another, e.g. from a balance transfer to a purchase card.
- Take advantage of new introductory interest rates.
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.
Are you eligible?
- You won’t be able to make a like for like swap, e.g. you can’t switch a Halifax Clarity credit card for another Halifax Clarity credit card.
- It must be at least 60 days since you applied for your existing Halifax credit card.
- Your application will be subject to a full credit and affordability check.
Important to know before you swap
Still want to swap your credit card?
Types of Halifax credit card
Large purchase cards
A credit card could help you to make and manage larger purchases.
Balance transfer cards
Make things easier to manage by moving your balances to a single card.
Everyday spending cards
Manage your day-to-day expenses on things like travel, food and fuel.
Some credit cards offer benefits created especially for keen travellers.
For your day-to-day card purchases. With added cashback.
Frequently asked questions on switching credit cards
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 7am-11pm, 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:
- Any full application for credit will be recorded with the Credit Reference Agencies.
- If your application is approved, the total amount of credit available to you might increase, which could limit new credit applications being approved, at least in the short term.
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:
- Pay off the balance on your existing credit card before you swap.
- Apply for a second credit card, keeping your balances separate. Remember though, you can’t transfer balances between Halifax credit cards.
- Accept an increase in costs, but aim to repay your balance as soon as you can.
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:
- Your monthly statement – the transaction pages include a breakdown of the interest rates which apply to your balance, along with the expiry dates for any introductory or promotional rates.
- Your account terms and conditions – these are sent to you by post after your application is approved, or if the terms of your account change. Make sure you’re looking at the latest version.
Yes, you could make changes to your existing credit card, so it better suits your needs:
- Increase your credit limit for more flexibility. Requests are subject to status and security checks.
- Check for promotional interest rates on your existing credit card. We might contact you by email or post when new rates are available, or you could sign in to Online Banking or the Mobile Banking app to check.
- Add additional cardholders, so you can keep track of family spending in one place. Cardholders must be aged 18 or over, and you’ll be responsible for all spending and repayments.
A summary on swapping your credit card
Useful for switching between card types, or to take advantage of new interest rates.
- Conditions apply, e.g. it must be at least 60 days since you applied for your existing credit card.
- Note, you’ll lose any existing interest rates, including introductory or promotional rates.
- Any credit application is subject to an assessment of your personal circumstances.
- Alternatives include making changes to your existing card, or applying for a second credit card.
Want to read more?
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.