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
Top comments
thekudos to MarkyB77
19 Jan 1616#15
What has Mumps, Measles, Rubella got to do with a credit card?
wah0007 to thekudos
19 Jan 163#4
Just give them a call?
rdbradshaw
19 Jan 163#2
Also £20 quidco , added to the description .
Latest comments (45)
gus77
25 Jan 161#45
You are right, it makes a big difference indeed. Thanks for the info!
MarkyB77
24 Jan 161#44
Yes that!
Put an application in with a 10k balance owing on a credit card, vs ZERO balance owing on a credit card. you will see the difference... if you only want a 50k mortgage and earn 100k per year it wont make a scrap of diff. If you earn 40k and want 200k, then owing 10k on a credit card and not, might be the difference, where a 10k less deposit might mean you pay slightly higher interest rate but still get the mortgage and the house. Is this a deal breaker? Depends how much you want the house.
kaiser051
22 Jan 16#43
Is there a limit to the size of the balance transfer?
Thinking of gettting a kitchen for around 5k on my credit card and transferring to this rather than get a bank loan with daft apr
But if its not 40 months and only 9 like some have said on here il be screwed paying it back in time
Fact... you will gain say 10k deposit as you build up a balance and don't spend your deposit, but lose circa 50k of mortgage affordability or worse. Great if your still within your requirement and needs, but not if you are on the cusp. Use HSBC indicator to find out, don't take my word for it.
MarkyB77
19 Jan 161#6
It might free up deposit, but it will reduce your affordability ratios if they are tight following MMR circa 2 years ago.
siliconbits to MarkyB77
19 Jan 161#7
MMR?
gwapenut to MarkyB77
19 Jan 16#8
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)
cheaperbythe12 to MarkyB77
19 Jan 16#11
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.
thekudos to MarkyB77
19 Jan 1616#15
What has Mumps, Measles, Rubella got to do with a credit card?
gus77 to MarkyB77
20 Jan 16#40
Is this a fact or an assumption?
stevos9
20 Jan 16#39
anything if you're an existing Clarity Card Holder?
justanotherpunter
20 Jan 16#38
Christ interest rates are never going up, what a complete shambles :confused:
Good for all u d!ckeads in debt I suppose :stuck_out_tongue:
gy2055
20 Jan 16#37
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'.
samsharp99
19 Jan 16#21
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.
richyf to samsharp99
20 Jan 161#36
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.
zebrum
20 Jan 16#35
interest free balance transfers are such a scam because it still costs 3% in fees.
neo3998
20 Jan 16#34
Is this legit? Halifax-online.co.uk?
Kraezae
19 Jan 16#28
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. :sunglasses:
circuit to Kraezae
19 Jan 16#29
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.
septimoose to Kraezae
20 Jan 16#33
Halifax are owned by Lloyds
matthewgrichards
19 Jan 16#32
nice info for me
Magurdrac
19 Jan 161#31
Living within your means is the hottest deal in town.
geraldfitzsimons
19 Jan 16#30
ya loans will outlive u
Tomato810
19 Jan 16#26
Can you transfer a balance from a loan onto this?
buckfast67uk to Tomato810
19 Jan 16#27
I know Barclaycard allow this, so worth asking
bigbaz25
19 Jan 16#22
Samsharp99 - you can't pay credit with credit. I.e get a credit card to pay a loan.
mc11 to bigbaz25
19 Jan 16#25
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.
mc11
19 Jan 16#24
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.
Shaydog
19 Jan 16#23
[img][/img]
Statements in!!!!
richchampness1
19 Jan 16#19
anyone no the cleare score points needed to get this
cheaperbythe12 to richchampness1
19 Jan 161#20
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.
MarkyB77
19 Jan 16#18
lol MMR Mortgage Market Review 2014 April
J1135
19 Jan 16#17
looks canny, but fee seems a bit steep
Vlasko
19 Jan 161#16
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.
Monkeybumcheeks
19 Jan 16#14
Thanks.
AstalaVista
19 Jan 161#13
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!!
Tsung
19 Jan 16#12
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.
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.
thekudos
19 Jan 162#3
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.
wah0007 to thekudos
19 Jan 163#4
Just give them a call?
rdbradshaw
19 Jan 163#2
Also £20 quidco , added to the description .
cliosport65
19 Jan 16#1
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 :smiley:
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Opening post
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
Top comments
Latest comments (45)
Put an application in with a 10k balance owing on a credit card, vs ZERO balance owing on a credit card. you will see the difference... if you only want a 50k mortgage and earn 100k per year it wont make a scrap of diff. If you earn 40k and want 200k, then owing 10k on a credit card and not, might be the difference, where a 10k less deposit might mean you pay slightly higher interest rate but still get the mortgage and the house. Is this a deal breaker? Depends how much you want the house.
Thinking of gettting a kitchen for around 5k on my credit card and transferring to this rather than get a bank loan with daft apr
But if its not 40 months and only 9 like some have said on here il be screwed paying it back in time
When you say HSBC indicator are you referring to this
https://www.hsbc.co.uk/1/2/mortgages/how-much-can-i-borrow
or something else?
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.
Good for all u d!ckeads in debt I suppose :stuck_out_tongue:
There is a correlation between the amount of time spent organising/maintaining your personal finance matters and your wealth.
Not sure I follow... I have a Lloyds card but no Lloyds account, & I have never had a problem paying the card off.
The transfer fee is usually higher so watch out.
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.
Statements in!!!!
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!!
http://www.uswitch.com/mortgages/guides/mortgage-market-review/
http://www.hsbc.co.uk/1/2/credit-cards/credit-card
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.
Halifax customer of 30 years.