More about balance transfers

 

Balance transfers

  • A balance transfer allows you to move your existing debt (balance) from one or multiple credit cards and some store cards, to a single credit card, so all your existing balances are in one place. If you transfer the balance to a lower interest credit card, you may be able to pay less interest, saving you money and paying your balance off faster.
  • You can request a balance transfer from most other credit cards and some store cards, as long as they’re in your name, registered to the address we hold for you and display the Mastercard®, American Express® or Visa® logos, but not from loan companies, bank accounts or other Halifax credit cards.
  • Continue to make payments to your other cards as usual until transfers show on your statements for each account.

 

Sign in to transfer a balance

Please read the important to know section below for full details about making transfers.

Important to know

Transfer rates may be withdrawn; check your available rates before making a transfer. 

To keep your new transfer rates and avoid additional fees and charges, you need to make at least your minimum payment on time each month. 

  • You can make as many transfers as you like (minimum £100 per transfer) as long as you don’t go over your credit limit. 
  • Transfer requests are subject to further eligibility and security checks at the point of request and will not affect your credit score.
  • To avoid paying interest on purchases you need to pay off your monthly statement balance in full and on time every month, including the value of any transfers, unless a 0% p.a. rate for purchases applies. 
  • Approved transfers should be complete by the next working day, but can take longer if additional checks are needed.
  • You must make at least the minimum payment on time each month, but you can repay more at any time to reduce your balance and the amount of any interest you pay overall. 
  • The balances on your latest statement with the highest interest rate will be paid off first. This includes any introductory or promotional interest rates. Find out more about balances and what your payments go towards.
  • For any balances with a promotional or introductory offer on the same interest rate – we’ll use your payments towards the offer ending first.
  • If you already have a promotional offer, before you apply for a new one, it’s always worth checking which one you’ll be paying off first. 
  • The maximum amount you’ll be able to transfer is 93% of your credit limit to allow for any transfer fee and any other fees, charges or transactions that haven’t reached your account yet.
  • When any promotional transfer rates end, your standard variable transfer rates and fees will apply.

Before you go ahead, ask yourself

Does this option suit my borrowing needs, or should I consider other alternatives?

Will I be able to make repayments, even if my circumstances change?

If you'd like to talk to us about other borrowing options, call 0345 944 4555

Mon-Sat 9am-6pm. Lines closed on Sun and bank holidays.

Requesting a transfer

You can view available rates and make a transfer request online. You’ll just need the details of the credit or store card you want to transfer a balance from.

 

Sign in to transfer


Register for Online Banking

 

Transfer using the Halifax Mobile Banking app:

Download app

Or call: 0345 609 0709 Mon-Fri 8am-10pm, or 9am–5pm on Sat and Sun. Lines closed on bank holidays.

  

Your credit limit

You can apply to change your credit limit using Online Banking, the Mobile Banking app or by calling us.

We give you an instant response and, if approved, your new credit limit will be available to use immediately. Increases are subject to status and you must have at least six months of payment history. You can’t decrease your limit below your current balance amount.

To use our Mobile Banking app you need to have a valid phone number registered to your account and be set up to manage your accounts using Online Banking. Check your preferred app store for minimum operating system requirements. Device registration required. The app doesn’t work on jailbroken or rooted devices. Terms and conditions apply.

Android/Google Play is a trademark of Google Inc. Apple, the Apple logo, iPhone, iPad, Touch ID and Face ID are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

Calls and online sessions may be monitored and/or recorded for quality evaluation, training and to ensure compliance with laws and regulations. Not all Telephone Banking services are available 24 hours a day, 7 days a week. View our  contact numbers and opening times which may vary depending on the service that you require.

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.