Halifax Flexicard 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 FlexiCard Credit Card
    APR Representative 6.4% APR (variable)
    Rates from 6.4% APR (variable) to 14.9% APR (variable), depending on individual circumstances.
    Interest rates   Introductory promotional rates Standard Monthly Rate (variable) - simple % Standard Annual Effective Rate (variable)%
    Purchases Not applicable 0.522% or 1.167% 6.45% or 14.95%
    Cash transactions Not applicable 0.522% or 1.167% 6.45% or 14.95%
    Balance transfers Not applicable 0.522% or 1.167% 6.45% or 14.95%
    Instalment plans Not applicable 0.522% or 1.167% 6.45% or 14.95%
    Default charges - the simple annual rate is 6.264% or 14.004%
    Interest-free period
    • Maximum 56 days for purchases. If you pay the full Main Balance and any Instalment Plan Payment shown on that statement by the payment date (provided you have also paid the full Main Balance and any Instalment Plan Payment on the previous statement by the payment date).
    • No interest-free period on cash transactions or any balances in Instalment Plans.
    • There is no interest free period for balance transfers or money transfers (if available) where these are outside of any 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.
    From Until
    Purchases Date debited to your account Paid in full
    Cash transactions Date debited to your account Paid in full
    Balance transfers Date debited to your account Paid in full
    Instalment plans Date debited to your account Paid in full
    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

    If you do not have any Instalment Plans set up, we use your payments to clear any overdue amounts before we apply them to your latest Minimum Payment.

    We use any payments you make to pay off the balance shown on your statement starting with those balances on which we charge the highest rate of interest, and so on down to the lowest rate of interest. If the payment is not enough to pay off all balances at a particular interest rate, we will pay off balances charged at that interest rate in the following order: Cash Withdrawals, Purchases, Balance Transfers and default charges (plus any interest or charges incurred as a result of these balances).

    If you have any Instalment Plans set up, we treat your payments slightly differently. We still use your payments to clear any overdue amounts before we clear your latest Minimum Payment. We reduce the amount you owe in the following order:
    (a) Firstly, an amount equal to the Minimum Payment on the Main Balance will be applied to reduce the Main Balance in the order set out above;
    (b) Then, an amount equal to the Instalment Plan Payment will be applied to the Instalment Plans to pay the monthly payment for each Instalment Plan you have set up. If there is insufficient to cover all Instalment Plans, we will apply your payment in the order set out below;
    (c) Anything left of your payment is then applied:
    (i) to the Main Balance in the order set out in above;
    (ii) then to the Instalment Plans in the order set out below.

    Where we allocate payment to balances in Instalment Plans, we will allocate your payment to Instalment Plans starting with those on which we charge the highest rate of interest, and so on down to the lowest rate of interest. If Instalment Plans are on the same rate, we allocate your payment to the oldest Instalment Plans first down to the most recently set up plans.

    If you pay more than the balance shown on your statement, we will use any remaining payment to pay off Transactions that have not yet appeared on your statement in the same order as those that do appear on your statement.

    Minimum repayment

    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
    Maximum credit limit
    Subject to status.
    Subject to status.
    Your credit limit is the total amount you can borrow under this agreement. We set this limit and tell you what it is in writing soon after opening your account. It is important to stay within your credit limit. All Transactions on your account will reduce your available credit and all repayments you make will free up any credit for you to borrow again. Please see your credit card agreement for any limitations that apply to certain transactions
    Annual fee No annual fee.
    Fees Cash transactions (any currency) 3% or minimum £3.
    Introductory balance transfer fee
    0% of the amount of each Balance Transfer you make within the first 90 days of opening your account.
    Non-introductory balance transfer fee 3% of transfer (min £3).
    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 2.95% of the amount of the sterling transaction value.
         Cash transaction fee 3% minimum £3
    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 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.

    The 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).
    Illustrative example for a £1,000 purchase based on 6.4% APR
    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 1st year? £59.70 £48.40
    How much interest will you be charged in the 2nd year? £52.93 £13.37
    How long would it take to clear the balance? 16 years 1 month 1 year 11 months

    Setting up instalment plans means that you can use the simple online repayment planner to decide how much you’d like to put in an instalment plan and over how many months you want to pay it back. You will also see how much interest you will pay. Paying more that the minimum payment each month will mean you pay off the amount you owe quicker and therefore pay less interest.

    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 would like advice, we will be happy to refer you to a member of staff who will be able to help you. They 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.