Halifax alters 0% balance transfer & purchase term | Product News - Moneyfacts

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Halifax alters 0% balance transfer & purchase term

Halifax alters 0% balance transfer & purchase term

Category: Credit cards
Date: 04/09/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Halifax has increased the interest-free period for balance transfers and purchases on its credit card to 24 months, a joint market-leading term for its sector.

The basics…

Online 24 Month All in One Credit Card MasterCard now has a 24-month interest-free term for balance transfers and purchases, as well as a reduced introductory balance transfer fee of just 0.80%.

The finer details…

Balance transfers must take place within the first 90 days after the account has been opened to take advantage of the interest-free deal.

After the introductory offers expire, standard purchases will be charged at 18.9% APR, while balance transfers will attract an annual rate of 18.95% with a fee of 3.00%.

Applicants must be at least 18 years old and apply online. Borrowers should remember that all rates and offers are dependent upon their credit history.

Why we like it…

The extension of the 0% interest period for balance transfers and purchases to a joint market-leading 24 months is sure to pique the interest of borrowers who want to avoid interest adding to the cost of their borrowing. The fact that the balance transfer fee has also reduced means that this card is even more cost-effective and ensures that it fully deserves the highest Moneyfacts rating.

Moneyfacts rating: Outstanding

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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