Halifax Clarity Credit Card.

    It’s always good to know the exact details so here is a clear summary of all the key credit card features. The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

    SUMMARY BOX - Halifax Clarity CREDIT CARD
    APR Representative 19.9% APR (variable)
    Rates from 19.9% APR to 27.9% APR, depending on individual circumstances.
    Interest rates   Introductory promotional rates Standard monthly rate (variable) simple % Standard annual effective rate (variable) %
    Purchases Not available. 1.527% or 2.075% 19.95% or 27.95%
    Cash transactions Not available. 1.527% or 2.075% 19.95% or 27.95%
    Balance transfers Not applicable. 1.527% or 2.075% 19.95% or 27.95%
    Money transfers
    		Not applicable. 1.527% or 2.075% 19.95% or 27.95%

    Default charges - the simple annual rate is 18.324% or 24.9%

    We will charge you £12 if you do not make at least your minimum payment to us by the payment due date requested on your statement. You will lose your promotional offers if this happens and the standard interest rates for the applicable transactions will apply.
    Interest-free period
    • Maximum 56 days for purchases.
    • No interest-free period on cash transactions.
    • There is no interest free period for balance transfers or money transfers (if available) where these are outside promotional offers.
    Interest charging information

    We calculate interest daily based on the total amount you owe. We add together all the daily interest amounts in each statement period and add the total to your balance on your statement date.

    There are three exceptions to this rule:

    • Annual fees: We do not charge interest on annual fees.
    • Purchases: We do not charge interest on purchases made during your latest statement period if you pay off your full balance (including any balance transfers and money transfers) by the payment due date and you also paid your previous month's balance in full by the due date.
    • Default charges: We do not charge interest on default charges for the first 28 days after the day we give you notice (usually in your statement) that these charges are payable. After that we charge simple interest, so we will not charge interest on interest.
    Allocation of payments

    We use your payments to clear any overdue amounts before we apply them to your latest minimum payment.

    We will reduce the amount you owe in the following order:

    • any overdue amounts from previous statements; then
    • the remaining balance on your statement; then
    • any recent transactions not yet shown on your statement.

    We use your payments to pay off balances charged at the highest interest rate first and so on down to balances with the lowest interest rates. This means the more expensive balances are always paid off first.

    If there is more than one type of balance at the same interest rate, they are paid off in the following order: cash transactions, purchases, balance transfers and money transfers, and then default charges (plus any interest or charges incurred as a result of those balances). For each type of balance, your payments will pay off the oldest balance (and related fees, charges or insurance) first.
    Minimum payment

    The minimum payment we ask for is charged on a monthly basis and will be the higher of £5 or the total of:

    • any interest charged; plus
    • any default charges payable; plus
    • 1% of the total balance you owe (including interest and charges), as shown in your statement.

    If you owe less than £5, you must pay the full amount you owe.
    Credit limit Minimum credit limit Subject to status.
    Maximum credit limit Subject to status.
    Your credit limit is the total amount you can borrow under the credit card agreement. We set this limit and tell you what it is in writing soon after opening your account. Please see your credit card agreement for any limitations that apply to certain transactions.
    Annual fee
    		 No annual fee.
    Fees Cash transactions (any currency) None
    Promotional balance transfer fee
    		0% on each balance transfer you make within the first 90 days of opening your account.
    Promotional money transfer fee
    		Not applicable.
    Non-promotional balance transfer fee
    		0% of transfer.
    Non-promotional money transfer fee
    		0% of transfer.
    Non-sterling transactions (foreign usage) Payment scheme exchange rate Indicative rates can be found at Mastercard Currency Conversion Tool.
    One or more of the following may apply:
         Non-Sterling Transaction fee None
         Cash transaction fee None
    Default charges Late Payment charge £12
    Overlimit charge £12

    Cost of Borrowing

    Credit cards are designed to be a flexible form of borrowing. Paying the minimum amount every so often can help you manage your money more effectively, although we would not recommend that you make minimum payments for a long period of time once your promotional offers have ended. Once your account is open, you can set up a Direct Debit for any fixed amount over the minimum payment by calling 03457 28 38 48. Lines are open 7am - 11pm, seven days a week.

    For longer term borrowing it may be more appropriate to choose a loan from us. If you would like to find out more about this you can call Halifax Personal Loans on 0345 600 4611, (Lines are open 8am to 10pm, Monday to Friday, 9am to 6pm on Saturdays and 9:30am to 5:30pm on Sundays) or visit halifax.co.uk/loans or call into a Halifax branch, where our staff will be happy to help. 

    The following example highlights the difference between only paying the minimum and paying a fixed amount:
    For a purchase of £1,000 on your Halifax Clarity CREDIT CARD.

    Monthly Payment If you pay the minimum payment each month If you pay £50 each month
    How much interest will you be charged in the first year? £175.30 £150.87
    How much interest will you be charged in the second year? £155.17 £61.71
    How long would it take to clear the balance? 18 years 5 months 2 years 2 months

    The above example assumes the following:

    • No introductory promotional rates for purchases.
    • The transaction takes place on 1st January and you make no further transactions.
    • You always make the payment each month on the 15th.
    • The effective rate remains the same.
    • Your statement is produced on the 1st of each month.
    • The minimum payment is made up of 1% of the total balance you owe as shown in your statement (including interest and charges).

    Halifax is a responsible lender and we only want you to borrow what you can afford and in a way that is best for you. If you’d like to talk to us about the choices you’ve made or you would like further information, please contact us. We will also be able to help you if you’re experiencing financial difficulties.

    Making sure you get a fair deal

    We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board. 

    To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

    Mastercard® is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

    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.