Halifax’s balance transfer card stays on top | Product News - Moneyfacts

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Halifax’s balance transfer card stays on top

Halifax’s balance transfer card stays on top

Category: Credit cards
Date: 26/09/2016

Halifax has decreased the introductory balance transfer fee on its leading balance transfer credit card for the second time in recent weeks, which sees it further strengthen its position at number one in the Best Buy chart of its sector.

The basics…

The Halifax 41 Month Balance Transfer Credit Card MasterCard now offers an introductory balance transfer fee of 3.44%. It retains its introductory balance transfer term of 41 months from date of issue, still the joint-longest term on offer, and also boasts a six-month 0% interest term for purchases.

The finer details…

Balances must be transferred within 90 days of account opening in order to benefit from the offer. After the introductory periods have ended, balance transfers will be charged at an annual rate of 18.95% with a 3% fee. Standard purchases will be charged at 18.9% APR.

Borrowers must be at least 18 years old, can apply online or over the phone, and should remember that rates are representative and dependent on credit ratings.

Why we like it…

By further decreasing its introductory fee, this already-competitive credit card has managed to firmly outshine its competitors, keeping a strong hold on the top spot in its sector and once again earning 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

 
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