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Halifax’s Outstanding balance transfer card

Halifax’s Outstanding balance transfer card

Category: Credit cards
Date: 04/04/2017

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 It is now over 6 months old so the content may be out of date.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 reduced the introductory balance transfer term on its leading balance transfer credit card from 43 to 41 months, but despite this, it's still competitive enough to stay in the Best Buy chart of its sector, furthermore earning it our highest rating.

The basics…

The Halifax 41 Month Balance Transfer Credit Card MasterCard now offers an introductory balance transfer term of 41 months, sitting not far behind the market-leaders. It still comes with a competitively low introductory balance transfer fee of 2.29%, and as a bonus offers a six-month 0% interest term for purchases.

The finer details…

Balances must be transferred within 90 days of account opening 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, while standard purchases will be charged at 18.9% APR.

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

Why we like it…

This deal was so competitive that the small reduction to the balance transfer term has done little to diminish its attractiveness, thereby easily retaining a place in the Best Buy charts and 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 Any products featured may be withdrawn by their provider or changed at any time.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 Any products featured may be withdrawn by their provider or changed at any time.

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