Credit cards Date:
Halifax has increased the term of the 0% interest balance transfer offer on one of its credit cards, enabling it to sit comfortably towards the top of the Moneyfacts charts.
The card has been renamed to 38 Month Balance Transfer Credit Card MasterCard and now boasts a 38-month interest-free balance transfer term, enabling it to sit just behind its sector's market-leader. An introductory balance transfer free of 2.75% is charged (after a partial refund) and borrowers can also benefit from a six-month 0% interest purchase period.
Balance transfers must be made within the first 90 days of an account being opened in order to be eligible for the 0% interest offer. Once the initial deals end, balance transfers will have an annual charge of 18.95%, while standard purchases will attract a charge of 18.9% APR.
Applications must be made online and borrowers must be at least 18 years of age. Borrowers should also remember that rates are representative and dependent on their credit rating.
This card now boasts a lengthy 0% interest balance transfer term and it sits just behind the current market-leader. Borrowers are likely to be drawn by the generous 38-month term and the six-month interest-free purchase offer, both of which will help them to spread the cost of their borrowing. This is an outstanding product that fully deserves the highest Moneyfacts rating.
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 Any products featured may be withdrawn by their provider or changed at any time.
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