Credit cards Date:
Halifax has reduced the length of the introductory 0% interest balance transfer term on one of its credit cards, but despite this, it remains a highly competitive deal and keeps a place towards the very top of the Moneyfacts charts.
The re-named Halifax 39 Month Balance Transfer Credit Card MasterCard now boasts a 39-month interest-free term for balance transfers with a fee of 2.85% (after a partial refund), enabling it to sit just behind the current market-leader of its sector. It also comes with a generous six-month 0% interest term for purchases.
In order to qualify for the interest-free term for balance transfers, borrowers must transfer their balance within 90 days of opening an account. Once the initial offers come to an end, balance transfers will be charged at an annual rate of 18.95% with a fee of 3.00%, while standard purchases will be charged at 18.9% APR.
Borrowers must be at least 18 years old to apply but can do so by phone or online. Applicants should remember that rates are representative and dependent on their credit rating.
The introductory balance transfer term may have been reduced slightly, but this deal still offers borrowers a lengthy period in which to clear their outstanding credit card debts, and its appeal is also further bolstered by the inclusion of a six-month 0% interest term for purchases. This is an outstanding product that fully deserves 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 Any products featured may be withdrawn by their provider or changed at any time.
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