Halifax boosts 0% interest BT credit card | Product News - Moneyfacts

Product News

Halifax boosts 0% interest BT credit card

Halifax boosts 0% interest BT credit card

Category: Credit cards
Date: 10/03/2016

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 It is now over 6 months old so the content may be out of date.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 once again increased the interest-free term on its balance transfer credit card, securing its position near the very top of the Moneyfacts charts as a result.

The basics…

The newly-named Halifax 40 Month Balance Transfer Credit Card MasterCard now offers a lengthy 40-month term for interest-free balance transfers, the joint market-leading term in its sector. It comes with an introductory balance transfer fee of 2.90% (after a partial refund) and also offers borrowers a six-month interest-free period for purchases.

The finer details…

Borrowers must ensure that they transfer their balances within 90 days of opening an account in order to qualify for the interest-free deal. Once the initial offers expire, balance transfers will be charged at 18.95% per annum with a fee of 3.00%, while standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old and should remember that rates are representative and dependent on their credit rating. Applications can be made by phone and online.

Why we like it…

By increasing the 0% interest balance transfer term to 40 months Halifax has ensured its continued place near the top of the charts. The fact that this deal also offers a six-month interest-free term for purchases further enhances its appeal. This is an outstanding product that 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
Close