Not for everyone, depends what your after. If you're like me, then it could be for you.
Are you actively using a credit card for purchases, into its limit, incurring interest? Then switch to this and save yourself some cash!
0% for 26 months on Balance Transfers and Purchases. There is a 2.95% fee for Balance Transfer.
Using my own situation as an example...
I was £895.20 into my £1500 limit Barclaycard. I was still actively using the card and paying about £20 a month in interest.
Switched to the Halifax 26/26 card and approved for another £1500 limit card.
I've transferred the balance, closed the Barclaycard and now actively using the Halifax Card instead which is £921.60 (895.20 + 26.40 bt fee) into its £1500 limit.
So, not much has changed, just using a different card. Major difference is now I am paying 0% interest for 26 months on the balance or ongoing purchases.
Paying roughly £20 a month interest and possibly more, this switch will likey save me at least £500.
If it's not all paid off after the 26 months, there's plenty of others out there to switch to and keep that 0% going!
Santander do a 27/27 card with slightly lower transfer fee. But factor in the Quidco £20 on this and, depending on how much you want to transfer, there's not much in it.
Barclaycard doing a 25/25 0% with £25 Quidco and £20 cashback with £500 spend inside 3 months which I've gone for as nearly maxed on Sainsburys 28m 0%.
Hope this helps.
Vanmeerkat to lanc1979
14 Jan 17#4
Hi ,I cant see that one anywhere .Can you help with a link?
lanc1979
14 Jan 17#2
1.49% BT fee, (2.49 initially, then rebated)
oliphillips
14 Jan 17#3
Yes that is a good deal, they don't allow BT from another Barclaycard, so that was ruled out for me.
I've got a still love M and s card that's also MasterCard will that interfere if I try and go for this to do a transfer from that to this?
DarrylJohn
14 Jan 17#7
Not a patch on Virgins Money Transfer then. 32 months 0%, and around 1.7% fee.
edit:
The above offer isn't around I don't think with Virgin. It's 1.99% instead.
Voted hot on the above, purely with regards to quidco potentially paying out.
oliphillips
14 Jan 17#8
the 32 month virgin money transfer card doesn't have the 0% on purchases, which is the main benefit of this card. if not gonna use for purchases, better off getting a Balance transfer card, some around for 40 odd months 0% I think
kabs
14 Jan 17#9
I recently received the one with same length of time but under 1% fee, no major difference unless it's going to be a few thousand you're going to transfer.
oliphillips to kabs
14 Jan 17#10
was that for BT and Purchases?
mikerr
14 Jan 17#11
0% deal isn't much good to me (I pay whole lot off every month)
But will get it for the £20 quidco...
howbord to mikerr
14 Jan 172#13
Dont pay it off every month, pay the minimum and put the difference in a savings account instead then at the end of the interest free period pay the card off and pocket whatever interest you have made
Sid Harper
14 Jan 17#12
I got 32 months transfer at 0.7% fee and purchases 12 months both at 0%. Got offer in the post and but better via tcb, both with £20 back direct from Halifax as well. On mse top cards. Approved immediately.
kabs
14 Jan 17#14
Got the same deal as Sid, only gave me about £200 for purchases after transfer, intention in the first place.
anthonynsinclair
14 Jan 17#15
I normally pay off my balance every month , for me, my credit card is mainly for accumulating avios points
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Opening post
Are you actively using a credit card for purchases, into its limit, incurring interest? Then switch to this and save yourself some cash!
0% for 26 months on Balance Transfers and Purchases. There is a 2.95% fee for Balance Transfer.
Using my own situation as an example...
I was £895.20 into my £1500 limit Barclaycard. I was still actively using the card and paying about £20 a month in interest.
Switched to the Halifax 26/26 card and approved for another £1500 limit card.
I've transferred the balance, closed the Barclaycard and now actively using the Halifax Card instead which is £921.60 (895.20 + 26.40 bt fee) into its £1500 limit.
So, not much has changed, just using a different card. Major difference is now I am paying 0% interest for 26 months on the balance or ongoing purchases.
Paying roughly £20 a month interest and possibly more, this switch will likey save me at least £500.
If it's not all paid off after the 26 months, there's plenty of others out there to switch to and keep that 0% going!
Santander do a 27/27 card with slightly lower transfer fee. But factor in the Quidco £20 on this and, depending on how much you want to transfer, there's not much in it.
http://www.quidco.com/search/?search=halifax
15 comments
Hope this helps.
edit:
The above offer isn't around I don't think with Virgin. It's 1.99% instead.
Voted hot on the above, purely with regards to quidco potentially paying out.
But will get it for the £20 quidco...