Credit cards 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.
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%.
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.
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
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