Halifax updates its low fee BT credit card | Product News - Moneyfacts

Product News

Halifax updates its low fee BT credit card

Halifax updates its low fee BT credit card

Category: Credit cards
Date: 15/04/2016

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 It is now over 6 months old so the content may be out of date.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 made some tweaks to its balance transfer credit card. It now has a lower introductory balance transfer fee as well as an extended 0% interest purchase term, winning it an 'excellent' rating as a result.


The basics…

Low Fee Balance Transfer Offer Credit Card MasterCard has a 32-month interest-free term for balance transfers with a lower introductory fee of 1.13% (after a partial refund). It also now boasts a longer 0% interest purchase term of 12 months.


The finer details…

Balances must be transferred within 90 days of the account opening in order for borrowers to benefit from the 0% interest offer. Once the initial offers expire, balance transfers will attract a charge of 18.95% per annum (with a fee of 3.00%), while standard purchases will be charged at 18.9% APR.

To apply, borrowers must be at least 18 years old. Applications can be made both online and by phone. Borrowers are reminded that rates are representative and dependent on their credit rating.


Why we like it…

The updates to this deal have sharpened its competitive edge, something that is sure to be noticed by borrowers. The cut to the introductory balance transfer fee has made it more cost-effective, while the lengthened purchase term means that borrowers can spread the cost of their borrowing, making this a truly 'excellent' product.

Moneyfacts rating: Excellent

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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.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