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Recent Personal Finance Articles

Halifax Credit Cards

We have analyzed four Halifax cards with features for purchases, balance transfers and travel spending. If you decide upon a Halifax credit card, use their eligibility checker to find out your odds of being accepted before you apply. This check performs a soft credit search that will not leave a mark on your credit file for other lenders to see. (You, however, will see all soft searches when you check your own file.) Those loyal to Halifax will be pleased to hear that you can take out a second credit card, subject to conditions discussed below.

Halifax Cards

In our analysis of Halifax credit cards, we considered features like foreign transaction fees, 0% interest periods on purchases and balance transfers, and balance transfer fees. Below we discuss a few of Halifax’s credit cards. There may be others with better features that we do not mention. Be sure to carry out your own research before applying for a card.

Remember that you must always pay on time and stay within your credit limit in order to keep any promotional periods. In the case of purchases or balance transfer cards, losing your promotional period would mean your interest rate pops up from 0% to the stated interest rate (usually 18.9% or higher).

“Our Longest Purchase Offer”: Halifax 30-Month Purchase Offer

Halifax Credit Card's 30-month purchase offer means you won’t have to pay interest on your purchases for up to 30 months. Some applicants may get a shorter 0% interest period or higher interest rate, as detailed below.

What % of Customers Get This Deal?0% Purchases PeriodInterest Rate after Intro Period
At least 51%30 months18.9% (variable)
up to 49%9 months27.9% (variable)

While this card also offers balance transfer functionality, the fee is higher than average for the duration: a 3% balance transfer fee for a 6-month 0% promotional period on balances transferred in the first 90 days. The right card for you depends on your individual needs.

Summary

  • 0% on purchases for 9 or 30 months
  • 0% on balance transfers for 6 months, subject to 3% fee (first 90 days)
  • Eligibility checker
  • 18.9% APR (or 27.9%, variable)

“0% Balance Transfer Fee Offer”: Halifax 0% Fee for 29 Months

This Halifax Credit Card "0% Balance Transfer Fee Offer" will charge no interest on balance transfers for up to 29 months. As is common with many balance transfer cards, applicants with a weaker credit history may get a shorter 0% interest balance transfer period, of 18 months. In either case, there is no fee when you initially transfer the balance. This offer applies to balance transferred in the first 90 days.

New purchases are not charged interest for the first 6 months. Remember that “no interest” doesn’t mean "no monthly payments." You will still make monthly payments on purchases and balance transfers, in order to reduce your balances.

Summary

  • No initial balance transfer fee (then 3%)
  • Initial 0% on balance transfers for 29 months or 18 months (then 18.9% to 27.9% variable APR)
  • Offer good for balances transferred within first 90 days
  • Initial 0% on purchases for 3 months (then 18.9% to 27.9% variable APR)

“Our long, low fee balance transfer offer”: Halifax 32-Month Balance Transfer

Halifax's “long, low fee balance transfer offer” gives cardholders up to 32 months interest-free on balance transfers (possibly 18 months), for an initial fee of 0.7%. Regarding purchases, cardholders will pay 0% for 12 months. Therefore the features on this card can handle both existing debt and upcoming purchases.

Summary

  • Balance transfer fee of 0.7% in first 90 days (then 3%)
  • Initial 0% on balance transfers for up to 32 months (then 18.9% or 27.9% variable APR)
  • Offer good for balances transferred within first 90 days
  • Initial 0% on purchases for 12 months or 9 months (then 18.9% or 27.9% variable APR)

“No Usage Fees”: Halifax Clarity Credit Card

The Halifax Clarity Credit Card doesn’t charge a fee on foreign transactions. This applies to both purchases at a retailer and ATM withdrawals. (Although be aware that some ATMs will charge their own fee for use of the machine.) While ATM withdrawals won't incur a fee, they will start accruing interest immediately. You can limit this cost by going online to pay back any ATM withdrawals as soon as possible. The interest rate on cash withdrawals is lower than average at 18.9% variable.

Summary

  • No fees on non-sterling ATM withdrawals or transactions abroad
  • Lower-than-average 18.9% interest rate on cash withdrawals (or 21.9% or 25.9%, variable)
  • 18.9% purchase APR (or 21.9% or 25.9%, variable)

Summary of Halifax Cards

For...CardQuick Overview
Large PurchasesHalifax Purchase Offer0% interest on purchases for 30 months
No Balance Transfer FeeHalifax 0% Fee0% transfer fee; 0% interest on balance transfers for 29 months
Longer Balance Transfer DurationHalifax Low Fee Balance Transfers0.7% transfer fee; 0% interest on balance transfers for 32 months; 0% interest on purchases for 12 months
Travel PurchasesHalifax ClarityNo foreign transaction fees

What if I Already have a Halifax Card?

Halifax permits you to have a second credit card, useful because different cards serve different needs - you may need one card to manage existing outstanding balances but want another for upcoming holiday abroad purchases (fee free). You can apply for a second Halifax Credit Card, as long as you satisfy the following conditions:

  • Your existing card with Lloyds Banking Group is not a Student Card
  • You apply more than 60 days after your first Halifax credit card was opened
  • You can have a maximum of 2 Halifax credit cards
  • You can have a maximum of 5 cards with Lloyds Banking Group (including Bank of Scotland and Lloyds Bank)
  • Your application is subject to a full credit and affordability check

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