Halifax 0% Purchase and Balance Transfer Credit Card review 2020

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For those seeking for more than just a break from interest, this versatile card has a lengthy offers on balance transfers and purchases.

You say: ★★★★★We say: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).

19.9%

Representative APR

17 months

0% interest on balance transfers

17 months

0% interest on purchases

£0

Account fee

Details

IssuerBank of Scotland
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 17 months reverting to 19.95%
Balance transfer fee2.99% for 3 months reverting to 5%
Purchases0% for 17 months reverting to 19.95%
Purchases interest-free periodUp to 56 days
Cash advances19.95%
Min credit limit£0
Max credit limitNot specified
Additional cards available1

Expert review

Chris Lilly

Review by


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.

Expert review

This is a so-called “balanced” card, which means that the 0% offer applies both to balance transfers and future purchases. 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 0% deal is fairly long (although not the longest on the market) and there is no annual fee. However, the 2.99% for 3 months reverting to 5% balance transfer fee can amount to quite a sum, especially if you have a large balance to transfer. If your only focus is paying back debt while spending as little as possible in fees and interest, there are more competitive deals out there. If you also want the 0% deal on purchases instead, this card is worth a thought.

In any case, if you go for this card, keep in mind that after the introductory rate period expires any outstanding balance will be charged interest at a significantly higher rate, both on purchases and old balances. You really need a plan to have paid it all off by then.

Finally, don’t expect too much in terms of rewards and perks. This card is strictly about the financial side of things, so you’ll have to get your cool discounts and treats someplace else.

Pros and cons

Pros

  • Over a year of 0% interest to focus on reducing existing card debt
  • Over a year to spread the cost of purchases
  • No annual fee

Cons

  • Applicants with low credit scores are unlikely to be eligible

How does it compare?

Halifax's card

Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
Halifax 0% Purchase and Balance Transfer Mastercard
0% for 17 months
(2.99% fee)
N/A
0% for 17 months reverting to 19.95%
£0
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
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Compare up to 4 providers

Other popular matched 0% deals

Table: sorted by length of 0% offer.
Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Shopping Plus Mastercard
0% for 20 months
(2.9% fee)
N/A
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Check eligibility
More Info
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
HSBC Purchase Plus Credit Card Visa
0% for 18 months
(2.9% fee)
N/A
0% for 18 months reverting to 22.9%
£0
22.9% (variable)
Check eligibility
More Info
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
Santander All in One Credit Card
0% for 26 months
(0% fee)
N/A
0% for 26 months reverting to 15.9%
£3 per month
21.7% (variable)
More Info
0.5% after £1 of monthly spend. Cashback paid Monthly into Card Account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
TSB Platinum Purchase Card
0% for 20 months
(2.95% fee)
N/A
0% for 20 months reverting to 19.95%
£0
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a rate of 19.95% (variable) per annum, your representative APR is 19.9% APR (variable).
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Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Halifax's app, by logging in to your online banking or over the phone (0345 944 4555). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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

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.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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