Credit cards Date:
Halifax has increased the introductory 0% interest terms on its balance transfer and purchase credit card, which sees it move up the Best Buy chart for its sector and earn our highest rating.
The Halifax Balance Transfer and Purchase Credit Card MasterCard now boasts an introductory interest-free term of 29 months on both purchases and balance transfers, the joint-longest available in its sector. It comes with a new, lower introductory balance transfer fee of 2.50%.
Balances must be transferred within 90 days to benefit from the interest-free offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee, 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 credit ratings.
The increased interest-free period on both purchases and balance transfers has made this credit card even more appealing, therefore easily strengthening its position in the Best Buys and deservedly earning it our highest rating.
Moneyfacts rating: Outstanding
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