Halifax - 40 month interest free on balance transfers credit card
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Halifax - 40 month interest free on balance transfers credit card

45
Found 19th Jan 2016
Might help someone? - Only available until 15/02/2016

Details on their website;-

This is a limited offer, available until 15th February 2016.

0% for up to 40 months from account opening on balance transfers within the first 90 days.
0% for 6 months from account opening on purchases.
An initial 3% fee applies, we'll then refund 0.05% on balances transferred within the first 90 days.
You may receive a shorter balance transfer introductory period and different representative APR based on your individual circumstances. At least 51% of successful applicants will receive a representative rate of 18.9% APR (variable).

Minimum £100 balance transfer. An initial 3% fee applies; we'll then refund 0.05% within 90 days, so the effective fee is 2.95%. The refund applies for balance transfers in the first 90 days from when we open your account, after which a 3% fee applies for each balance transfer.

Quidco £20 !
- rdbradshaw
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looked at this but there was other cards with lower fee and a few extra months, but its down to the individuals preference , I'm sure it will help someone
Also £20 quidco , added to the description .
Don't bother...the site always says technical problems when you click confirm after spending 15 mins filling in all their forms.

Halifax customer of 30 years.
thekudos

Don't bother...the site always says technical problems when you click … Don't bother...the site always says technical problems when you click confirm after spending 15 mins filling in all their forms.Halifax customer of 30 years.


Just give them a call?
Edited by: "wah0007" 19th Jan 2016
Recently got this which is available to HSBC customers and not bad for people looking for a long term balance transfer:
hsbc.co.uk/1/2…ard

0% for 32 months with 1.4% fee but you receive £25 back if you complete a balance transfer within a month of opening account. So for a £5000 transfer, it's going to effectively cost £45. Far, far cheaper than any kind of loan and frees up some capital to put towards a deposit on a house for us. Hope it helps.
It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.
MarkyB77

It might free up deposit, but it will reduce your affordability ratios if … It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.


MMR?
MarkyB77

It might free up deposit, but it will reduce your affordability ratios if … It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.



Spot on. even before MMR, I found that £10k of credit card stoozing reduced the amount they would lend me by multiples of £10k (and that's with good credit rating, 5x joint income multiples, etc)
Should put 2.95% in description to reflect cosr
MarkyB77

It might free up deposit, but it will reduce your affordability ratios if … It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.



True, however our deposit is 40% and so they'll ask fewer questions when it goes to underwriting. It also wasn't a problem for the last mortgage we had when our deposit was less and we had a bigger balance transfer a couple years ago.

I get your point though and people should seriously consider doing this if looking for a mortgage within the balance transfer term as, generally, it will decrease their chances of being accepted.
The Halifax has lots of offers on that page, including 0% transfer fee (shorter repayment time), if you have a balance you plan to pay off within a couple of years that might be a better option.
Be careful when applying for 'Halifax' credit card offers especially which say 'up to XX months'. They usually mostly end up giving a reduced duration than what is advertised. I think they only have to give advertised offer to 51% of the applications. So nearly half of all applications will not receive the 40 months on offer.

I have a good credit rating so had applied for 18 months but they only gave me 9 months (which if I had known I would not have bothered applying in the first place). So they are happy to give for 9 months but not for 18 months!!
Thanks.
MarkyB77

It might free up deposit, but it will reduce your affordability ratios if … It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.




What has Mumps, Measles, Rubella got to do with a credit card?
Just use 0% balance transfer fee offer for 23 months. In 2 years you can apply for similar offer and save some money. Not voted.
looks canny, but fee seems a bit steep
lol MMR Mortgage Market Review 2014 April
anyone no the cleare score points needed to get this
richchampness1

anyone no the cleare score points needed to get this



Likely to be 700-750 + credit score. Banks generally don't give these out to anyone so you'll need a reasonably good credit score to apply for this mate.
I wish I could (be bothered to) do the maths to work out how much cheaper it would be to pay off some of my personal loan with one of these cards. Too much to take into account like early repayment interest charges etc.
Samsharp99 - you can't pay credit with credit. I.e get a credit card to pay a loan.
http://1.media.collegehumor.cvcdn.com/8/d/collegehumor.ebf10d98726d943988a00a5de27d14bf.jpg
Statements in!!!!
I applied for this card the other day to transfer a balance before my other offer ends. I got the 40 month with a limit of £3000 which I asked for. The application seemed pretty quick to Gill in and the decision was very quick.

With credit cards I think there are a lot out there which will suit different people. I chose this card as I only need to transfer a small ballance of less than £2500 and the household has had a drop in income so it. Gives me a bit of breathing space.
bigbaz25

Samsharp99 - you can't pay credit with credit. I.e get a credit card to … Samsharp99 - you can't pay credit with credit. I.e get a credit card to pay a loan.



Some cards allow you to transfer money to your current account with special rates for however many months. In turn that cash could be used to pay off a loan if it made financial sense.

The transfer fee is usually higher so watch out.
Can you transfer a balance from a loan onto this?
Tomato810

Can you transfer a balance from a loan onto this?


I know Barclaycard allow this, so worth asking
If it's a thing like Lloyds you'll have to have an account with them to make a payment to it. I'd avoid if your not a customer with them.
Kraezae

If it's a thing like Lloyds you'll have to have an account with them to … If it's a thing like Lloyds you'll have to have an account with them to make a payment to it. I'd avoid if your not a customer with them.



Or just use internet banking? Or a Direct Debit?
Not sure I follow... I have a Lloyds card but no Lloyds account, & I have never had a problem paying the card off.
ya loans will outlive u
Living within your means is the hottest deal in town.
thekudos

What has Mumps, Measles, Rubella got to do with a credit card?


nice info for me
Kraezae

If it's a thing like Lloyds you'll have to have an account with them to … If it's a thing like Lloyds you'll have to have an account with them to make a payment to it. I'd avoid if your not a customer with them.



Halifax are owned by Lloyds
interest free balance transfers are such a scam because it still costs 3% in fees.
samsharp99

I wish I could (be bothered to) do the maths to work out how much cheaper … I wish I could (be bothered to) do the maths to work out how much cheaper it would be to pay off some of my personal loan with one of these cards. Too much to take into account like early repayment interest charges etc.



In the time taken to browse HDUK, find and reply to this thread, you could have called your loan company and got an early repayment figure.

There is a correlation between the amount of time spent organising/maintaining your personal finance matters and your wealth.
cheaperbythe12

Likely to be 700-750 + credit score. Banks generally don't give these out … Likely to be 700-750 + credit score. Banks generally don't give these out to anyone so you'll need a reasonably good credit score to apply for this mate.



I believe ClearScore uses Equifax credit ref agency. They give a credit score between 0 - 700, where a score of 451 and above is given the top grade, 'excellent'.
Christ interest rates are never going up, what a complete shambles oO
Good for all u d!ckeads in debt I suppose
anything if you're an existing Clarity Card Holder?
MarkyB77

It might free up deposit, but it will reduce your affordability ratios if … It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.



Is this a fact or an assumption?
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