Halifax credit card tops the charts | Product News - Moneyfacts

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Halifax credit card tops the charts

Halifax credit card tops the charts

Category: Credit cards
Date: 08/06/2016

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 It is now over 6 months old so the content may be out of date.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 increased the interest-free term on its balance transfer credit card, a move that has propelled it to the very top of the Moneyfacts charts.

The basics…

The newly-named Halifax 40 Month Balance Transfer Credit Card now has a 40-month interest-free balance transfer term, the joint market-leading offer in its sector. It also has a new introductory transfer fee of 2.54% after a partial refund, while standard purchases will be charged at 18.9% APR.

The finer details…

Borrowers have a 90-day period in which to transfer their balances to qualify for the interest-free period. Once this period expires, balance transfers will be charged at an annual rate of 18.95% with a fee of 3.00%.

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

Why we like it…

By upping the 0% interest balance transfer term to 40 months, Halifax has secured the top place on the charts. This market-leading term comes alongside a competitive introductory fee, which will appeal to borrowers who are looking to keep down the cost of moving their balance. As a result, this product 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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