No fee cash withdrawal overseas - Halifax Clarity Card - HotUKDeals
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I currently use my Nationwide card to withdraw money overseas on holiday as they do not charge a fee for taking the money out but from November they will.

Halifax have now lauched their Clarity Card and you can use it abroad without incurring fees for cash withdrawal/purchasing as long as balance is cleared each month.

Here is the direct link http://www.halifax.co.uk/creditcards/clarity.asp



I just wanted to give people the heads up on this.

Be gentle with me as this is my first post!
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#1
I think this was just the N/wide debit card? Crefit card still ok...

Summary on MSE - http://www.moneysavingexpert.com/travel/cheap-travel-money
#2
What they don't charge on fee, they take on bad exchange rate. Spending overseas with a credit card is
the most expensive option.
#3
Be careful, there is a fee charged for cash withdrawl as there is with all credit cards, just not an additional fee for withdrawing cash whilst abroad.

There is no fee for using the card at point of sale whilst abroad though.
1 Like #4
pet2000
What they don't charge on fee, they take on bad exchange rate. Spending overseas with a credit card isthe most expensive option.

Wrong, you get the official Mastercard exchange rate which is pretty much the best rate you can get.
#5
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
#6
got one of these , spoke to customer services to confirm what excahnge rate for purchases and was informed the charge the Bank of England exchange rate at the time of transaction.......wonder if this is the rate matercard also use?

still good deal though!
#7
I've tried taking out £100 with different methods overseas and find they all work out pretty similar, all within 10%
#8
have got one of these today
Told me no charges whatsoever unless you dont pay off in full @ end of month FACT!!!
And bank rate too.
So to sum up same benefits as NW debit card except this is a mastercard and needs paying off @ end of month else 12.9%.
I have an easy saver acct and pay off from the easy saver to clarity mastercard online........SIMPLES!!
Pete
#9
konkywonky
Be careful, there is a fee charged for cash withdrawl as there is with all credit cards, just not an additional fee for withdrawing cash whilst abroad.

There is no fee for using the card at point of sale whilst abroad though.
WRONG!
#10
pet2000
What they don't charge on fee, they take on bad exchange rate. Spending overseas with a credit card is
the most expensive option.
WRONG ALSO!!
#11
caradog
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
WRONG AGAIN!
#12
This site gives the official rate that Mastercard use, bare in mind it is a live rate and changes continuously.

Your text here
#13
peterdarlison
caradog
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
WRONG AGAIN!
Sorry but you are wrong on that one - you pay interest from the day you withdraw cash it works out as about 1% a month - I had this clarified to me by Halifax
#14
Yep, I have also taken one of these out recently to go abroad with. Was sold to me as no charges for withdrawing money abroad. BUT, then I read the small print on the brochure. They charge a daily rate from the day of withdrawal to the day of payment. I asked how much it would cost me to withdraw £500 and not pay it off for two weeks - I was told it would cost £6.
#15
peterdarlison
caradog
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
WRONG AGAIN!


According to MSE you pay interested on
Cash w/d interest (fully repaid) @ 12.9%


To me that suggests that if you withdraw cash you pay interest @ 12.9%

Edited By: smk77 on Aug 05, 2010 21:25: additional info
#16
nationwide card was excellent , now they are moneygrabbers like the rest of them
#17
have some heat for the heads up about nationwide. I would have probably just kept on using it without realising!
#18
Please be aware that the interest rate of 12.9% APR is variable dependent on personal details.
#19
From the T&C's

"The interest free period applies only to purchases if you pay the balance in full and on time. See section 3.4 of the terms and conditions for full details. There is no interest free period on cash advances, balance transfers or cheques."

You will therefore pay interest daily on any cash you lift from an ATM machine, whether in the UK or abroad whether you repay in full at the end of the month or not.
#20
peterdarlison
konkywonky
Be careful, there is a fee charged for cash withdrawl as there is with all credit cards, just not an additional fee for withdrawing cash whilst abroad.There is no fee for using the card at point of sale whilst abroad though.
WRONG!

Read my post above, I suggest you go and read your T&C's.....
#21
Nationwide credit card will not have a transaction charge on purchases in Europe but they will in the rest of the world.
Halifax credit card has no transaction charge on purchases worldwide.
Both cards charge interest on cash withdrawals from the day you take the cash until the balance is paid off at approx £1 / £100 withdrawn / month
Both cards use the prevailing standard exchange rates for the type of card (Mastercard or Visa)
I have and have used both cards
#22
This is all confusing me! Is there a charge to use at point of sail or not!
#23
smk77
peterdarlison
caradog
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
WRONG AGAIN!


According to MSE you pay interested on
Cash w/d interest (fully repaid) @ 12.9%


To me that suggests that if you withdraw cash you pay interest @ 12.9%
I was told today in halifax no interest unless you dont pay off at end of the month
Pete
#24
Can you load the card with a positive balance before going abroad to avoid the interest charge on cash withdrawals?
#25
From the T&C
"The interest free period applies only to purchases if you pay the balance in full and on time. See section 3.4 of the terms and conditions for full details. There is no interest free period on cash advances, balance transfers or cheques."
So once again - you will pay interest on cash withdrawals, you will not pay a transaction charge
#26
BarGin
Can you load the card with a positive balance before going abroad to avoid the interest charge on cash withdrawals?


No
#27
Konky Wonky

I have just read all the T and C given to me along with the brochure etc
If you are correct then in my opinion Halifax should be fined for very misleading paperwork and being told verbally too.
In 3.4 it says " On all transactions where we do charge interest,we charge it from the date we first charge the amount to your account"
This is surely if you don't pay off in full!!!! IF NOT THEN THIS IS VERY UNCLEAR
I will ring tomorrow and will have one hell of a complaint if what you say is true wasting my time.
Anyway
Assuming you are correct what about loading the card with say £3000 in advance for your hols? ( then no interest would be paid and hence 0%?)
Pete
#28
daughter used a Post Office credit card in Australia for a few months ... no charges.
#29
funguy03
This is all confusing me! Is there a charge to use at point of sail or not!


Point of sail - are you going on a cruise then?
Sorry couldn't resist

Purchases = no charges and no interest if paid off in full.
Cash withdrawals = no charge BUT interest charged from date of withdrawal

Going to give in now
#30
funguy03
This is all confusing me! Is there a charge to use at point of sail or not!

If you use the card at POS then there is no charge provided you pay off in full by your deadline.

If you withdraw money via an ATM you will be charged interest each day until you pay off the balance.
#31
peterdarlison
Konky Wonky

I have just read all the T and C given to me along with the brochure etc
If you are correct then in my opinion Halifax should be fined for very misleading paperwork and being told verbally too.
In 3.4 it says " On all transactions where we do charge interest,we charge it from the date we first charge the amount to your account"
This is surely if you don't pay off in full!!!! IF NOT THEN THIS IS VERY UNCLEAR
I will ring tomorrow and will have one hell of a complaint if what you say is true wasting my time.
Anyway
Assuming you are correct what about loading the card with say £3000 in advance for your hols? ( then no interest would be paid and hence 0%?)
Pete


Nothing at all wrong with the T&Cs - it's perfectly clear.. Definitely give someone a blast if they've mislead you though...
#32
Thanks for info guys
Not what i was told today in branch,, seems staff dont even know!!!
Will clarify tomorrow with halifax.
And they have the gaul to call it a CLARITY CARD (not much clarity in that lol)
Back door charges yet again maybe?
Pete
#33
Its not back door charges, it clearly states in the T&C's that there is no interest free period on cash withdrawals. It is the exact same terminology used by 99.9% of other credit card providers in realtion to cash withdrawls.
#34
caradog
konkywonky is right about exchange rate, BUT you will pay interest from date of withdrawal (to date of payment), irrespective of whether full balance is repaid or not! So it doesn't match N'wide debit card.
THen if your payment due date is say 20th of the month then withdraw £1000 from an ATM 1 day before ?
Does this mean 12.9% interest for one day if i pay off the day after?
Pete
#35
Also enjoy having a £5 cashback reward credited to your account each month when you spend £300 on your Halifax Rewards Clarity Credit Card. That's up to £60 a year!
#36
I cant see anything out there that beats the 'Post Office' creditcard.

£14 Quidco too :-)
#37
kani10
Also enjoy having a £5 cashback reward credited to your account each month when you spend £300 on your Halifax Rewards Clarity Credit Card. That's up to £60 a year!

...only if you have a Halifax Reards Current Account....which also gives £5 a month, so £10 a month, beats any interest rates on current accounts out there, wohoo!
1 Like #38
I work for this company, and will never ever touch one of their credit cards in this lifetime or the next.
#39
Nationwide will start charging for debit card withdrawals abroad from november?
#40
Use FairFx and go through MoneySupermarket.com to remove the loading fee. You get the current exchange rate and no commission.

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