Halifax 29 Month Balance Transfer Credit Card Mastercard review November 2019
Clear your existing card debt faster with 29 months' 0% interest when you switch to this Halifax deal.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
|Issuer||Bank of Scotland|
|Balance transfers||0% for 29 months reverting to 19.95%|
|Balance transfer fee||3% (min. £3)|
|Purchases||0% for 3 months reverting to 19.95%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£0|
|Max credit limit||Not specified|
|Additional cards available||1|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
If you have outstanding credit card debt on a card (or cards) not issued by Halifax, this promotion could let you take a lengthy break from paying interest. It is one of the very longest balance transfer deals available on the market.
As an added bonus, the card comes with an introductory 0% period for purchases too, so if you’re anticipating a large upcoming expenditure, you’ll be able to spread the cost over 3 months.
If you do opt to transfer your balance(s) to Halifax, bear in mind that each transfer will incur a fee of 3% (min. £3), and don’t forget that if you don’t clear your balance in full within 29 months, any outstanding balance will start to accrue interest at the card’s standard rate.
All in all, this is a really good card if you need as long as possible to clear your debt. If you think you can make it more quickly instead, it may be worth considering a card with no balance transfer fee. They’re a rare treat, but you can compare a few in the table below.
Finally, this card is on the Mastercard network, so it’s accepted in more than 40 million locations worldwide. As the focus is very much on its financial features, there isn’t much in it in terms of perks and rewards, but you’ll be able to enjoy access to Priceless Cities experiences.
How does this card compare with other similar cards on the market?
When it comes to repayments, you can make manual repayments online or over the phone (0345 944 4555), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the Halifax 29 Month Balance Transfer Credit Card Mastercard
If you have compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, use the “Check your eligibility” tool on the Halifax site to check that you have a decent likelihood of getting approved, without affecting your credit score. You will need to provide your address details for the last three years. In most cases you will get an instant response.
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Our team evaluates credit cards to determine their value against similar products on the market.
We look at the how good the card is for its designated purpose – spending abroad, clearing debt, earning air miles etc. – how costly it is to use day-to-day and whether it offers much in the way of extras.