Halifax Online Balance Transfer and Purchase Credit Card Mastercard Review September 2019
For those seeking for more than just a break from interest, this versatile card has a lengthy offers on balance transfers and purchases.
0% interest on balance transfers
0% interest on purchases
|Issuer||Bank of Scotland|
|Balance transfers||0% for 20 months reverting to 19.95%|
|Balance transfer fee||3% (min. £3)|
|Purchases||0% for 20 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|
If you need to transfer an existing credit card balance to save interest, but also anticipate making further purchases on your card, this deal ticks both boxes.
The Halifax Online Balance Transfer and Purchase Credit Card Mastercard offers a long introductory interest-free period on purchases and balance transfers, plus no annual fee. Just remember that you will need to pay a fee to bring your existing card balance across (see table below), and that after the introductory rate period expires any outstanding balance will be charged interest at a significantly higher rate.
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 Online Balance Transfer and Purchase Credit Card Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.