Credit cards Date:
Halifax has unleashed a highly competitive low rate credit card onto the market, securing a solid position on the Moneyfacts charts as a result.
Low Rate Credit Card MasterCard has a standard purchase rate of 6.4% APR, the joint market-leading rate for its sector.
Balance transfers are fee-free for the first three months and carry an annual charge of 6.45%. Transfers made after the introductory offer will incur a 3.00% fee.
The card is available to borrowers aged 18 and over and must be applied for online. Management of the card can then be online, in branch, by phone or via Smartphone app. Borrowers should remember that rates are representative and dependent on their credit history.
Halifax has heightened the competition at the top of the low-rate market with this competitive new card that matches the current market-leaders. As a result, borrowers on the lookout for cheaper borrowing are likely to welcome this new offer, which also carries the bonus of a three-month fee-free balance transfer period.
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 Any products featured may be withdrawn by their provider or changed at any time.
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