Tips for managing your credit card
This guide covers how to manage and make the most of your Halifax credit card.
Five key tips for managing credit
Using your credit card
It’s useful to understand how a credit card works, and all the ways you can use one.
Using a credit card gives you the option to spread large and unexpected costs, or just to manage your everyday spending.
Just bear in mind, you might need your credit card PIN to complete a transaction.
If you’ve got a contactless card, you can make secure payments of up to £45, without entering your PIN. From cafes to corner shops, a growing number of retailers offer contactless as a payment option.
More on contactless
To use Apple Pay or Google Pay, simply add your card details to a compatible device.
Shopping online offers you convenience and choice, but it’s important to know who you’re buying from, whether there are any additional costs and how to keep your information safe.
You could move balances from most credit cards and some store cards, to a single credit card. With everything in one place, it should be easier to stay on top of your balance and payments. Transfer fees may apply.
If the option is available, with a money transfer you could move funds to your UK current account. That could help you to manage cash only purchases or unexpected bills. Transfer fees may apply.
Your credit card can be a great addition to your wallet when you travel, but it’s important to understand what additional fees may apply when you use your card outside the UK.
You could use a credit card to take cash out at an ATM, in-branch or at a bureau de change. Just be aware that fees might apply to these transactions.
This is usually the most expensive way to borrow too, so perhaps best used for emergencies only.
Managing your account online
A summary on managing credit cards
You can manage your credit card account using Online Banking and the Mobile Banking app.
- Try to borrow only what you really need, and be careful not to go over your credit limit.
- Make sure you understand the interest rates, fees and charges which apply before using your card.
- Check your monthly statements carefully, including recent transactions payments due details.
- You need to make at least the minimum payment on time each month, and stay within your credit limit.
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Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.