In the corner shop? Exploring the four corners of the world? Wherever you are there are no fees for using your Clarity Credit Card.
If your application is successful:
What we ask you to do:
Where applicable interest charges still apply - see the summary box for full details.
|A variable representative of
|A variable annual purchase rate of
|Based on borrowing
£1,200 over 12 months.
|This example is for illustrative purposes and serves as a guide only. Your actual credit limit and rate will vary based on your individual circumstances and may differ from the example shown.|
Home or away, here's what your Halifax Credit Card gives you.
The representative example is an illustration of the rate most customers will get. If a credit card says it has a particular ‘representative APR’, then at least 51% of the people who applied and were accepted will get that rate. Others may get a different rate based on their individual circumstances.
We use a borrowing amount of £1,200 to work out our representative example. Please note that it’s just that, an example. So the figure isn’t the credit limit you will be receiving – it just helps show how things work.
The purchase rate is the rate of interest you'll be charged on the things you buy with your credit card after any introductory offer has ended. A variable rate means that your interest rate may change over time.
Annual Percentage Rate (APR) tells you how much your borrowing will cost over an average year. It takes into account interest charged as well as any additional fees you'll have to pay (such as any annual fees). We give you this figure to help you make an easy and fair comparison between different credit cards.
We look at all applications one by one. So the APR you get depends on the details given on your application and we get an independent verification of your credit and repayment history.
At least 51% of customers will get a representative rate of 18.9% APR (variable), others will get a rate of 25.9% APR (variable).
We should be able to give you a decision within 5 minutes.
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 18.9% APR (variable)
Rates from 18.9% APR to 25.9% APR, depending on individual circumstances.
|Interest rates||Introductory promotional rates||Standard monthly rate (variable) simple %||Standard annual effective rate (variable) %|
|Purchases||Not available.||1.456% or 1.941%||18.95% or 25.95%|
|Cash transactions||Not available.||1.456% or 1.941%||18.95% or 25.95%|
|Balance transfers||Not applicable.||1.456% or 1.941%||18.95% or 25.95%|
|Money transfers (if available)
||Not applicable.||1.456% or 1.941%||18.95% or 25.95%|
Default charges - the simple annual rate is 17.472% or 23.292%
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 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:
|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:
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.
The minimum payment we ask for is charged on a monthly basis and will be the higher of £5 or the total of:
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 tell you what it is in writing soon after entering in to this agreement. 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 (if available)||3% of the amount of each balance transfer you make within the first 90 days of opening your account.|
|Promotional money transfer fee (if available)||3% of transfer (min £3).
|Non-promotional balance transfer fee (if available)||0% of transfer.
|Non-promotional money transfer fee (if available)||0% of transfer.
|Statement copy fee||£5 for copies of non-current statements.|
|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|
|Returned Payment charge||£12|
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 24 hours a day, 7 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?||£167.22||£143.32|
|How much interest will you be charged in the second year?||£148.04||£57.14|
|How long would it take to clear the balance?||18 years 4 months||2 years 2 months|
The above example assumes the following:
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.
We've listened to the comments of our customers and below are a list of answers that we hope will help to resolve some of the questions you may have around the Halifax Clarity Credit Card.
You can transfer a balance from most other credit or store cards, and we won't charge you a fee for doing so. This means that you can take advantage of the competitive rate on your Halifax Clarity Card without any additional charges.
BT is an abbreviation for Balance Transfer. A Balance Transfer transaction is the movement of a balance from one credit or store card account to another, typically to take advantage of a better interest rate. Many other credit cards will charge a fee for this service (typically 3%), but with the Clarity Credit Card, this service is fee-free, so you can take advantage of the competitive rate on your Halifax Clarity Credit Card without any additional charges.
A foreign exchange fee or commission charge is applied by many credit cards to transactions you make abroad with your card. Typically this fee is around 3%, but with your Halifax Clarity Credit Card, there is no foreign exchange fee.
You will not be charged a fee by us for withdrawing cash from an ATM (cashpoint) anywhere in the world. Some ATM providers charge a fee, but this should be made clear to you at the time of withdrawal and is unfortunately outside of our control. You will still be charged interest from the date that the withdrawal is made, but unlike some credit cards which charge a higher rate of cash, you will be charged the same competitive rate as if you had made a purchase.
The exchange rate is set by Mastercard at the time that you make the transaction. Halifax do not apply any loading, fees or charges to this rate.
Credit cards are not designed to be used this way. Using the card in this way breaches the product's Terms & Conditions, which state:
B7.3 Payment amount
You must make at least the minimum payment by the payment due date if there is a balance payable to us on your statement. You can always pay more than the minimum payment at any time, including repaying everything you owe.
You must not pay us more than you owe when you make payments to your account, or transfer funds from another credit or store card if this creates a credit balance on your account. If there is a credit balance on your account at any time, we may apply it to any recent transactions not yet shown on your account, or to transactions made after the date your account goes into credit. We may also return any credit balance to the account from which the money has been sent or pay the funds into a deposit account you hold with us. We do not pay interest on any credit balances or take them into account for the purpose of any reward schemes.
You pay interest from the day you withdraw cash, but unlike many other cards, there's no withdrawal fee. Whilst we won't charge you a cash advance fee, some independent cash machine providers may charge a fee for their service.
You can use your new Halifax Clarity Credit Card to withdraw up to £500 per day from any cash machine in the world that has MasterCard logo. You pay interest from the day you withdraw cash, but unlike many other cards, there's no withdrawal fee.