0% on purchases for 20 months (longest ever for any credit card) plus 0% on balance transfers for 6 months @ Halifax
758°Expired

0% on purchases for 20 months (longest ever for any credit card) plus 0% on balance transfers for 6 months @ Halifax

50
Found 28th Aug 2014
0% for up to the first 20 months on purchases from account opening.

At least 51% of customers will get 0% on purchases for the first 20 months and a representative rate of 18.9% APR (variable). Others will get either 0% on purchases for the first 16 months with a rate of 21.9% APR (variable), or 0% on purchases for the first 16 months with a rate of 25.9% APR (variable).

0% for the first 6 months from account opening on balance transfers made in the first 90 days.
Minimum £100 balance transfer.
1% fee applies on each balance transfer made in the first 90 days.
3% fee applies on each balance transfer made after the first 90 days

50 Comments

I think you'll find BarclayCard has a 33 months one ... see below

moneysavingexpert.com/cre…rds

so statement about "longest ever" is somewhat incorrect

Original Poster

jasondluk

I think you'll find BarclayCard has a 33 months one ... see … I think you'll find BarclayCard has a 33 months one ... see belowhttp://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cardsso statement about "longest ever" is somewhat incorrect



For purchases?

That's balance transfer, not purchases if I'm not mistaken

The barclaycard one is for balance transfers NOT purchases so yes you are correct about the Halifax card, voted hot from me

jasondluk

I think you'll find BarclayCard has a 33 months one ... see … I think you'll find BarclayCard has a 33 months one ... see belowhttp://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cardsso statement about "longest ever" is somewhat incorrect



Now I know why ppl vote cold on a great deals.
They simply can't read.

oops my mistake sorry

If you're planning some big purchases you already have the money for, get this, buy everything on it, put the money in savings, pay it off after 20 months (or BT it on to another card), interest free loan and make a profit with the interest on savings, i've been doing this for years.

If you haven't got the money for the purchases (and don't expect to in the next 20 months) then don't get this, you don't need it.

0% for the first 6 months from account opening on balance transfers made in the first 90 days.
Minimum £100 balance transfer.
1% fee applies on each balance transfer made in the first 90 days.

Confused, is it 0% or 1% in the first 90 days??

bobdylan

0% for the first 6 months from account opening on balance transfers made … 0% for the first 6 months from account opening on balance transfers made in the first 90 days.Minimum £100 balance transfer.1% fee applies on each balance transfer made in the first 90 days.Confused, is it 0% or 1% in the first 90 days??



Both. 0% will be the interest rate and 1% an absolute fee charged at or around the time of the balance transfer.

Good deal but I already signed up for the 19 months interest free Tesco Clubcard one this week so will give it a miss. Can't beat earning points when spending as well as being interest free. Heat added though.

As someone who has never owned a credit card, what does the '0% on purchases mean', and the 'APR percentage'?

Am I right in thinking that for 20 months you can take out lets say £300 for a purchase, then pay that exact amount back within a deadline of 20 months?
Edited by: "f2k8" 29th Aug 2014

if you make a big purchase on this card, how are you able to easily keep track as to when the 20 months 'deadline' kicks in, and so know to pay it off, so to avoid interest? Is there any easy way of doing this? Or do you just have to keep meticulous notes at home?!

b33r

If you're planning some big purchases you already have the money for, get … If you're planning some big purchases you already have the money for, get this, buy everything on it, put the money in savings, pay it off after 20 months (or BT it on to another card), interest free loan and make a profit with the interest on savings, i've been doing this for years.If you haven't got the money for the purchases (and don't expect to in the next 20 months) then don't get this, you don't need it.



Exactly what I do to avoid interest. Bought a holiday last year for £1200 then just pay £100 a month off via DD... £0 spent on interest as I had 12 months interest free.

f2k8

As someone who has never owned a credit card, what does the '0% on … As someone who has never owned a credit card, what does the '0% on purchases mean', and the 'APR percentage'?Am I right in thinking that for 20 months you can take out lets say £300 for a purchase, then pay that exact amount back within a deadline of 20 months?



Anything you purchase using the card from the point you take it out until 20 months later you will not be charged interest on. You will however still be required to make the minimum payment each month (varies by card, usually 1% ish). So as soon as you get the card set up the direct debit to make the minimum payment each month and then during your last month change the direct debit to pay off the full balance and you will not be charged any interest. You could also balance transfer the remaining balance to another card during the final month. APR is the Annual Percentage Rate you will be charged at the end of the interest free term. Largely to be ignored because at the end of term you will either close the card or if you wish to carry on using it have the DD to pay off the full balance every month.

keloid

if you make a big purchase on this card, how are you able to easily keep … if you make a big purchase on this card, how are you able to easily keep track as to when the 20 months 'deadline' kicks in, and so know to pay it off, so to avoid interest? Is there any easy way of doing this? Or do you just have to keep meticulous notes at home?!



I use reminders in my calendar but MSE has a free service that will alert you, and also a guide for monitoring them and what to do during the final month, its here


Edited by: "b33r" 29th Aug 2014

jasondluk

I think you'll find BarclayCard has a 33 months one ... see … I think you'll find BarclayCard has a 33 months one ... see belowhttp://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cardsso statement about "longest ever" is somewhat incorrect



MEGA FACE PALM!!!!

Try reading the deal, before belittling someone else and their deal!

herby247

MEGA FACE PALM!!!!Try reading the deal, before belittling someone else … MEGA FACE PALM!!!!Try reading the deal, before belittling someone else and their deal!



Try reading the rest of the thread before commenting, they have already realised their mistake and apologised. Something people should do around here more often!

HOT HOT HOT can't wait to get in to Debt.

Thanks, applied and got the terms stated.

thanks for this b33r.

If you carry credit card debit for 20 months - does this (adversely) affect your credit rating? i.e. you may struggle to take out credit elsewhere during the 20 month period??


f2k8

As someone who has never owned a credit card, what does the '0% on … As someone who has never owned a credit card, what does the '0% on purchases mean', and the 'APR percentage'?Am I right in thinking that for 20 months you can take out lets say £300 for a purchase, then pay that exact amount back within a deadline of 20 months?

keloid

if you make a big purchase on this card, how are you able to easily keep … if you make a big purchase on this card, how are you able to easily keep track as to when the 20 months 'deadline' kicks in, and so know to pay it off, so to avoid interest? Is there any easy way of doing this? Or do you just have to keep meticulous notes at home?!

interesting. Can I transfer money from a Halifax card onto this?

I just got this deal too I can now replace my boiler and pay back over 20months interest free - Thanks Halifax

keloid

thanks for this b33r. If you carry credit card debit for 20 months - does … thanks for this b33r. If you carry credit card debit for 20 months - does this (adversely) affect your credit rating? i.e. you may struggle to take out credit elsewhere during the 20 month period??



Quite the opposite, having and managing a credit card correctly will increase your credit rating. Missing payments, using a CC to get cash or having the card but leaving it dormant can be damaging. Always make at least the min payment or the full amount if you are being charged interest, never withdraw cash using your credit card and close old accounts.

Saintledger

interesting. Can I transfer money from a Halifax card onto this?



Haven't read the terms but probably not however you wouldn't want to with this card. If you looking for a balance transfer you want a card with a good balance transfer deal (this is only 6 months). Have a look here

I thought my deal i got with halifax was good when i first got my card it was 0% for 6 months on purchases. This is a great deal.

b33r

Try reading the rest of the thread before commenting, they have already … Try reading the rest of the thread before commenting, they have already realised their mistake and apologised. Something people should do around here more often!



FYI i did read their apology, there is a delete button there for a reason...........jus saying.

foreign usage i cant see a leading fee in the terms (have you?) but did find this...if your planning on using it abroad....

Non-Sterling Transaction fee 2.95% of the amount of the sterling transaction value.

Is there any way of making this a interest free cash loan for 20 months?

6ixFoot1

Is there any way of making this a interest free cash loan for 20 months?



IMO, best option would be to ask family/friends who can buy high value stuff via your credit card and they can pay you in cash?

Obviously, it depends on the credit limit. Might not be worth the hassle for £1200 only.

Nice find OP, voted hot.

thegame999

IMO, best option would be to ask family/friends who can buy high value … IMO, best option would be to ask family/friends who can buy high value stuff via your credit card and they can pay you in cash?Obviously, it depends on the credit limit. Might not be worth the hassle for £1200 only.Nice find OP, voted hot.


This.

But you have to make sure you repay after the 20 months - A lot of folk wont have the will power to use this offer to their best interest.

I'm going to use this for all purchases and rather than paying it off at the end of the month I'll be saving it in my Santaner current account which pays 3% - Free money always welcome

And you can get a lot more than £1200.

keloid

if you make a big purchase on this card, how are you able to easily keep … if you make a big purchase on this card, how are you able to easily keep track as to when the 20 months 'deadline' kicks in, and so know to pay it off, so to avoid interest? Is there any easy way of doing this? Or do you just have to keep meticulous notes at home?!



It's not 20 months from when you purchase something, it's a 20 month interest free window from when you take out the credit card.
So, take it out in January, and buy something immediately - 20 months to pay it back. buy something in Jun, 14months to pay it back, and buy something august following year you only have 1 month interest free. etc etc.

So, keeping track is incredibly simple - make sure the balance is zero 20 months after you take out the card, regardless of when you purchased things during the time before. So no, you don't need to work out dates of when you bought every single little thing.

oh, and one thing with these cards that mix different balance transfers and purchases. If you transfer, lets say, £2k - you need to make sure you pay that full amount off within 6months otherwise you start accumulating interest even while you're making interest free purchases. It's not difficult to keep track, but a lot easier with their 15month interest free on both purchases and balance transfers (which is a lower transfer rate of 0.8% too - so I'd recommend that one personally)
Edited by: "tapi" 29th Aug 2014

tapi

It's not 20 months from when you purchase something, it's a 20 month … It's not 20 months from when you purchase something, it's a 20 month interest free window from when you take out the credit card.So, take it out in January, and buy something immediately - 20 months to pay it back. buy something in Jun, 14months to pay it back, and buy something august following year you only have 1 month interest free. etc etc. So, keeping track is incredibly simple - make sure the balance is zero 20 months after you take out the card, regardless of when you purchased things during the time before. So no, you don't need to work out dates of when you bought every single little thing.oh, and one thing with these cards that mix different balance transfers and purchases. If you transfer, lets say, £2k - you need to make sure you pay that full amount off within 6months otherwise you start accumulating interest even while you're making interest free purchases. It's not difficult to keep track, but a lot easier with their 15month interest free on both purchases and balance transfers (which is a lower transfer rate of 0.8% too - so I'd recommend that one personally)



Many thanks for clarifying. I was under the impression that there is a 20 month interest free period for every purchase irrespective of date of purchase. So what happens after 20 months? How long is the interest free period? (or there is no interest free period after first 20 months)?

nomeames

Many thanks for clarifying. I was under the impression that there is a 20 … Many thanks for clarifying. I was under the impression that there is a 20 month interest free period for every purchase irrespective of date of purchase. So what happens after 20 months? How long is the interest free period? (or there is no interest free period after first 20 months)?



haven't looked at the t&c for this card, but usually you have the time until the next months statement to pay off any purchases from that time. so usually up to 28days interest free.

Jasey_

This.But you have to make sure you repay after the 20 months - A lot of … This.But you have to make sure you repay after the 20 months - A lot of folk wont have the will power to use this offer to their best interest.I'm going to use this for all purchases and rather than paying it off at the end of the month I'll be saving it in my Santaner current account which pays 3% - Free money always welcome :)And you can get a lot more than £1200.



True. But bear in mind you still got to pay minimum every month, somewhere around 20-30 pounds.
1200 was just their rough figure, depending on earnings and credit, you could get more. Mine was 6000

nomeames

Many thanks for clarifying. I was under the impression that there is a 20 … Many thanks for clarifying. I was under the impression that there is a 20 month interest free period for every purchase irrespective of date of purchase. So what happens after 20 months? How long is the interest free period? (or there is no interest free period after first 20 months)?


Anything you buy in the first 6 months will be interest free for the first 20 months - After that they rape you so make sure it's all paid back before 20 months of account opening. and don't put anything on it after first 6 months.

anyone else told they will be notified in 4 days or just me
Edited by: "damn7547" 29th Aug 2014

damn7547

anyone else told they will be notified in 4 days or just me


Might be your credit score or you changed address recently. Mines on its way.

Yep just what i needed another credit card

Really good deal. I got similar one January this year and it saved me over hundred quid in interests on my old credit card. If you have credit card and pay interest it's good to get this one and transfer all your balance.

simcolorstay

Really good deal. I got similar one January this year and it saved me … Really good deal. I got similar one January this year and it saved me over hundred quid in interests on my old credit card. If you have credit card and pay interest it's good to get this one and transfer all your balance.



No it isn't. This is a good card for new purchases, there are far better cards for balance transfers, see my link earlier in the thread.

If I already have a credit card with Halifax, would I be accepted for another one?

I haven't used my existing card since the 0% on purchases ran out last year, would I need to contact them to close or cancel the old card first?

Fitst Direct is 20 months
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