Use it right and it is living within your means, this is the internet not nursery.

or just don't get it and save yourself long term financial hassle and stress. "save up" and live within your means.

Not so, perhaps you want to make a bigger purchase, and need the item just now, kitchen, bathroom, even a car, whatever, this allows you to make that purchase and not be hammered with the high apr of a loan or car finance.

If you're sensible you can put purchases onto such cards and earn interest on the money you would otherwise have going straight out of your account.
These cards are great as an interest free repayment option for big purchases.

Isn't it slightly over 900 days?

Although only 51% of applicants will get that deal though. Two chamber Russian roulette.

Now that's what I call a credit card.

Great find.

Good time for this card to come. My barclaycard free interest period is coming to an end. Wish there could be some cash back for joining.

or just don't get it and save yourself long term financial hassle and stress. "save up" and live within your means.

Trouble with these deals is they encourage people to take out more debt. OK if you're strong willed/sensible enough not to get carried away otherwise clear your credit card monthly.

financing a large purchase is one thing and yes, i agree, cards are useful then. But all too often they are used to clear outstanding debts elsewhere and then the debts will be built up again. I've seen it happen many times.

​yeah for sure. but with a promise of 30months of interest free purchases its aimed at people who will gain debt...not putting the monthly shopping and fuel on then paying it off at the end of the month. its tailored to encourage debt, not to spend wisely.

​yeah I see what your saying but 10k on a car or kitchen for 30months?

​yep for the truly dedicated I think that's a really good example.

years ago i tried to buy a car using part cash and part CC, the most the garage would accept on CC was £300 due to fee's by the CC company

How people choose to spend on their own personal credit card is their prerogative, the fact they can do so on this one without incurring any interest for 2 and half years, is got to be a good thing.

if you have a revolut card you can transfer upto £10,000 onto it for a 1% fee and then transfer it to your bank account for free. £100 fee for £10,000 withdrawal is pretty good.

Or try this aa one and get £35 cash back- 28 months purchase 0%. http://www.theaa.com/credit-card-deals/dual?awc=6328_1487112000_2529cb55eecb741838b534ff4002e927&dclid=CMGI5PTTkNICFQOlUQodAt0N3A

Bonds. Lol. May as well just get a 3/5% interest current account. Or p2p lend it. I know bonds are risk free, but their returns are dire.

Especially as they cut the prizes yet again

I paid half cash half credit, £2500 each - Peter Vardy I think it was, or Reg Vardy it was then.

Good thing with that though is you get a guarantee/cover by the credit card company for the full amount if the car is faulty and the garage do one with the money.

​That is what I am going to do this time when getting a car , although I am unsure how much the fee will be :neutral_face:

​That is a very good point and is something I will be doing as well :wink:

Great deal for those who are resposible. But in my opinion products like these are what will make the economy & an entire generation go belly up one day. For every person who uses it & pays it off to save a little, there is a person who gets carried away ,ends up with a decade of debt & a marred credit record.

I already have this card....could I possibly ring them up and ask if they can offer this to me?

I've taken out 0% credit cards and borrowed four grand two times in 4 years which was 0% for two years. Both times I've paid my debt off within a year.

You just have to be a responsible borrower and try to pay off the debt early.

Sadly I have given up trying to benift from these kind of cards. While the headline figure of 30 months looks great they only offer figures around £5k (your luck may vary). That's less than £167 per month to spend. Looking at my last 12 normal months (excluding Dec) I avarage just over £900 a month. So in reality I'd need a minimum of £27k to make it worth while. At 5k it's not only paying off the minimum each month it will be keeping track of not going over the limit. Or spend as normal and put the card away after 5 months.

When you have no outstanding debt and with interest on savings so low it's hardly worth the effort flipping credit cards.

Exactly my point :smiley:

The rate entices you in but if you don't get it as you have already been credit checked it will reduce your chances of being accepted elsewhere.
I don't think they should be allowed to offer a card with a variable, as it is the rates that are the differentiator in buying decisions.

Now is the time to clear all your debts as a big global financial crash is on the horizon.

Link please? Stoooooze :sunglasses:

​£42 via topcashback with no minimum spend!

That was quick and easy.. hopefully can use it as a deposit on a new car.

Just my opinion and experience for what its worth

I currently have about £20,000 of credit card 'debt' all at 0%, i also have an account with £20,000 in it earning interest, OK not much interest but its better than nothing. Over the years my level,of credit card debt has varied from £0 to £25,000 depending on the offers available but i have never paid interest and very rarely balance transfer fees (only when cash back or available interest outweighed the charge). I dont know how much i have benefited but i know it is a significant sum.
These cards are not a fantastic short term deal and certainly not a cure to financial woes but used over time can make a difference but you do have to be organised and diciplined to make them work.

For sensible people, this absolutely is living within your means

But your equivalent suggestion is to save up for 30 years and splurge it all in one go? Sense?

Ever had a mortgage? I take it you'd buy a new car up front, for example?
Worth bearing in mind, some people may have a different financial situation than your own.

Buzz Killington

You could put as little as £100 on the credit card and the balance in cash and the credit card company still cover the value of the whole purchase.

Common misconception.

If you juggle your finances correctly, you can actually make money with credit cards. (not to mention the security when paying by CC)

Absolutely correct.

Why get a £5k loan over 36months and pay 5% (or likely much more) interest, when you can simply use this card and pay none?

The folly of some people astounds me.

So your saying credit card companies should stop offering these 0% deals to the sensible people that can manage their finances all because of the idiots that can't?

You must be a right laugh at parties.

worth it just for purchase protection that's even before the 0% interest.

Buy something go home and pay it off

Out of interest what credit limit can be expected if applying for one of these cards with an excellent credit rating?

...or take a punt on premium bonds....

Not at all. Just pointing out that it doesn't suit everybody as many are not disciplined enough to manage these incentives properly and can easily get out of their depth. Oh - and guess what - that's when the bank will offer you a remortgage to consolidate all your debt or a personal loan at a higher rate to help you out of the problem they helped you create in the first place. It suits some but not others and it is something folks who are not financially astute need to consider.

I use these type of cards to save me money against my offset mortgage and pay them off when the 0% promotion ends. You do need a tight rein on your expenditure though.

I'm going to disagree here as a credit card is almost essential for going on holidays for payment protection

Is there a limit on how much you can spend?

Great find!!!!thats what I call a deal!!

Depends how much they offer you when you sign up, we will all be different

guys can someone explain that for me please? so there is no fees at all for having that card? only if u exceed that period of time after takin money from that card u'll have to pay that percentage?

This is great I was about to pull the trigger on oak furniture land finance but this allows me to pay an extra £5 p/m and have the debt cleared interest free in 2.5 yrs instead of 4.

thanks

This should help in explaining how these 0% cards work.
http://www.money.co.uk/credit-cards/how-to-use-a-credit-card-for-interest-free-purchases.htm

Done me a massive favour - normally save to buy stuff and 2 months off a new washer dryer. This means I can get it now. All gone through. Happy bunny here.
Thanks.

Some people might want this for a better credit score like myself. It is not about needing the card it is about getting penalised for not having a credit card.

You are not charged interest rate AS LONG AS you make the monthly minimum payments. I tend to find setting a DD for minimum payment so you can forget about it works amazingly as long as you're happy to keep track of how much you'll owe at the end.

Great deal! These just keep getting better! Hot!

are there any charges on the card if you use abroad?

Only got 18 months and £900

EXACTLY!!!

My car insurance is due. If I pay monthly with LV they charge 17.5%. Instead, I paid one lump sum so avoid the 17.5%. I divide my insurance by 12 and set up a direct debit to clear the balance before it is due again. I'm saving quite a bit of money for not a lot of work!

Heat for knowing 30 months = 2.5 yrs! :sunglasses:

​thats why banks look at total exposure to debt. I.e the limits you have available to you including hp, and loans. If this exceeds you gross annual sal. you will likely get turned down.

​close ur card and wait til just over 6 months. then apply fr a fresh one. anything under this time will be a reissue.

Yes there are: better to get the Halifax Clarity for that purpose.

Must the Balance be notched up as a Purchase or can Money be transferred into a Bank Account?

I agree, just bought a car using tescos interest free 2yrs card, cheapest installment plan

Don't shoot the messenger lol!:stuck_out_tongue:

Literally giving money away! Anyone know if you can balance transfer with this?

I've had that before with 0% purchase cards. I used to use it for my shopping and clear it every month. After a couple of months phoned them and asked them to increase my limit.

Earn interest on the money, LOL. What, £0.25? Ugh.

does anyone know if banks/building society's take credit card payments to pay mortgages?
i can overpay 10% a year on my mortgage and paying a lump sum off will save me a fortune on interest and then i could setup a direct debit to pay the credit card back before the expiry of the 30 months

Not true. I asked MBNA to match a new customer offer. They refused, but advised if I closed the account and applied immediately I would get the deal. I was dubious but it did get accepted.

Don't need it. Applied anyway lol. 3k limit with 0 percent for 30 months. Might buy an overpriced amp lol

I learnt this the hard way in my early twenties, just getting myself back on track now 16 years later. Was drawn in my egg, capital one etc back then. But it was a good life lesson and I'm far more sensible now

I've just bought a house and moving in next month, so will be making a few big purchases therefore this card will be perfect for me.

Thanks OP.

I use these deals for large purchases e.g double glazing, new bathroom rather than day to day expenditure. I just set up a direct debit to pay it back in installments each month over the interest free period because normally if you miss a payment you lose the interest free period. Not sure how long deals like this are going to be available.

I am new to this credit card thing. Can we pay off bills with this credit card and still get 0% interest for 30 months?

Exactly what I was thinking of using it for :smiley:

​Is the the same as the interest rate is about to rise :smile:

​I applied for Halifax last month and got in the region of 18k :wink:

I have saved loads of money using these cards. excellent if you do it properly.

​out of interest what was the credit card fee from the garage?

​No unfortunately you can only use a debit card to pay mortgage companies overpayments :neutral_face:

​+1 got to be disciplined though :wink:

Can someone explain if this is 0% credit or 18.9% APR and what factors on if you get the 0% credit rather than the 18.9% interest?

Can anyone tell me if that deal is good enough?! Thx

0% on balance transfers for 27 months and
0% on purchases for 27 months

​The 0% is the promotional deal after that it will be 18.9% APR :wink:

​I would avoid if you wanted it for balance transfers as the 2.75 % fee but for purchases it's great :wink:

I'm not sure where you're banking but £2500 would net you around £250 over 30 months.

​I agree does seem extremely high to net that I'm getting no where near that maybe 5 years ago yes :smile:

I was dead against credit cards until I realised they were the only decent way of improving your credit score. I use my Barclaycard for everyday spending and in the 6 months i've had it my score has improved by 120 or so points to 903/999.
Just saying.

Does anyone know if you can sign up for this if you already have a Halifax CC? I never use it but may do with this one being 0%

You can get balance transfer credit card 0% - transfer money to your bank account and then make an overpayment :wink:

No transfers going to be made as I never had CC :smiley: old fashioned. So maybe better stick to Halifax then? Couple of months extra on 0%

I have got 3 credit cards already, if I apply for the fourth one , will it affect my credit rating?

So is 30months amazing? I can find lots at 29months with lots more perks.

Thanks op, have applied, spoke to Halifax since I already have an credit card with them with £7500 limit (not used in ages), they had advised you can have a second card and also to ring them up to do a credit limited swap.

The new card will only have £2500, so this credit limit swap will be perfect giving £7500 on this new card.

http://www.halifax.co.uk/creditcards/help-guidance/existing-customers/second-card/

They cannot do a simple credit card swap as this offer is online only

Credit building wise, does anyone know if it's better to make the minimum payment each month or pay it off in full each month even though there's no interest added?

​That's incorrect I'm afraid you can't do that with a balance transfer card at all BUT what I think you might be getting confused with a money transfer card which you can do :wink:

​I agree I took M&S bank at 25 months much better to collect points as well :wink:

​Yeah in that case stick with the longest 0% on purchases :wink:

How longs this on for and is this good for a student who works part time and is trying to build credit for the future?

I get a statement every month with Barclaycard then pay off the statement amount and like I say my credit score is going up every month as a result.

Yes u can..

I asked my mate who has been married for 20 years plus, If he is happily married

He thought about it, and pondered and said ..................''You are either Happy or Married ''

I second that. Think about car insurance for example, they charge you extortionate amount of interest if you choose to pay monthly. These cards can be used to buy insurance annually and you pay your card payments monthly without interest.

I like Turkey at the moment. The currency has been hammered so the exchange rate is good. I'm hopeful of making some profits on the GBP/TRY rate once it corrects.

TEB Bank (http://www.teb-kos.com) will open accounts for UK residents. However, I'd go with HSBC as they are "too big to fail" and I bank with them in the UK which makes the account opening process just that little bit easier.

My current preference is the Annual Time Deposit (http://www.hsbc.com.tr/eng/retail_banking/interest_rates_and_fees/interest_rates.asp#id3) which pays 5.5%.

Indonesia and Vietnam currently pay around the same. If you are feeling really adventurous/deranged you can shoot for the stars with the National Bank of Egypt (http://www.nbe.com.eg). I believe they are offering 10%. Not sure if you can open an account from abroad though, you might have to visit a branch. Not something that interests me though. There's a good reason Egypt is having to pay 10% on deposits! The country's risk profile doesn't fit with my aims so they ain't on my list.

Have a Google around and you'll find a load of info. Make sure you understand it all though before you dive in. It's not complicated but you need to be aware of the UK tax liabilities etc.

Best of luck.

Credit building wise as long as your making at least minimum payment, your building your score up. Making full payment every month shows the next lender that you have ample cash and can afford bigger commitment in future. As far as I think, this only comes into play if you make a heavy application such as mortgage or large amount of personal loan or in other words where your application is more manually checked. Minor card applications are almost all automated and just picks your monthly payment being made or not.

Check with halifax. I think the maximum number of cards you can hold with them is 2.

Sound too good to be true :smile:

I leave my money in savings and use these sort of cards to live with savings interest and cash to hand.

to be honest i dont know why people in life live beyond their means
they want to buy the latest tv but then have to face paying it back
debt is such a miserable plague

i was bought up to only buy what you can afford and if you want something go for the lower model or simply work hard

could anyone advise me on a question regarding this card-if I managed to get it. I have a car on finance (personnel loan) 2 years left on a 3yr term, could I pay off the loan so no/lower interest on what I have remaining g, then pay the monthly salary on this card ? would that work?

Can anyone give me some advice regarding this. I have never had a credit card but have recently become interested because of the additional protection you get when paying for things on credit card, i.e. chargeback features. I would NEVER want to pay interest on it and would always pay it off before I owe any interest, but how does it work? When do I get charged interest, when do I pay off the balance? What other benefits are there with paying by credit card? Can you use it when you buy anything?

Like others have said I have always just saved up for things I want, but recently I started to invest my spare money as there is no point it being in a bank for next to no interest.

Best bet is to get a card that allows you to transfer money to bank account. Most lenders won't let you pay off loan with a credit card or will charge you some percentage if paying off with credit card. If you get a card that allows you to transfer money to bank account with low transfer fee and interest free period then you'll definitely save money/interest as compared to your personal loan.

If you never want to pay interest then get a card and straight away setup direct debit full payment.
The benefits of credit card are: you'll have more number of days to payback.
You'll have protection such as charge back.
You'll have cash in hand.
It'll build your credit report positively.

The way credit card works is if you only use it for purchases (e.g shopping at supermarket, petrol, cafe etc) then at the end of your statement period/month you'll be given total balance for that period/month and you will be given a due date. If you pay off the balance in full by due date you won't have any interest to pay.
Example, your card period/month starts from 1st April and finishes on 30th April then your due date will likely to be on 15th May. If you pay full either by full direct debit or paying complete balance in part until 15th May, you won't pay any interest.

Remember, cash like transactions i.e. Gambling etc won't be treated as purchases. They'll be treated as if you took cash from your credit card and you will pay interest in those transactions, usually on daily basis until repaid.

Hot, applied to replace.my current CC deal.

Applied and asked for £10K and got it. Should've asked for more...

AA Dual is better than this. Granted it is 28 months instead of 30 months but you have the potential to get £75 in cashback. I got one a month ago and the £40 TCB has already been confirmed. Then fingers crossed imight also get the £35 from AA themselves after spending £500 in the first two months.

Considering they only gave me 18months and 900£, at which point this is basically pointless.
Can I cancel it, even though they're going to send me the card in next few days, will it affect my credit rating?

​yes it will affect your credit rating as it has already been scored :wink: £900 is £900 still a fair bit of money :wink:

I wanted to split a few large payments on a cc, £900 is not worth making the effort to use another card, just adds an extra step it will be easier to pay with my debit card. Oh well, will probably need to use it for a bit and cancel after few months. Gonna put a reminder in the calendar for 6 months from now to cancel.

Never had a credit card before, I have applied been accepted for £1200... But can someone confirm some things.

If I don't use the card ever, do I have any fees?
If I cancel the card after interest free period is over, does this affect your credit score?
What is the monthly min payment set at?

Spending on a 0% card and managing the debt.

1. Decide what purchases you want to make and what you can afford to pay back monthly to the service the debt.
2. Once you have a figure you can manage.. Eg £6000 divide £6000 by 30 = £200
3. Set up direct debit to pay back £200 per month over 30 months.
4. Get a pair of scissors and cut up the card (so you won't be tempted to spend)
5. Sit back and enjoy your purchases knowing that it has cost you nothing in interest

Thanks for posting. Getting married in 6 months and I am sure will help. Just been accepted!

Halifax Purchase Credit Card

Purchase rate:

21.95% p.a. (variable)

Representative APR:

21.9% APR (variable)

Halifax Purchase Credit Card


Representative APR is based on borrowing £1,200 (or £1,000 for Student) over 12 months. Credit limits and interest rates will vary depending on your individual circumstances.




Balance transfer offer


00.00% p.a. for first 6 months


(3.00% fee applies)


Purchase rate offer


00.00% p.a. for first 30 months

.
£5000.00 credit limit

Depends on how much you spend normally a percentage of how much is owed.

I doubt it matters all that much when your credit rating is that high

I doubt there's anyone who would accept you at 999 that wouldn't at 903

​yeah that's always the way when you plan to buy something big you end up with a low credit limit, I've been there I'm afraid :smiley:

​I like all that advice it's great and I always do it other than number 4 I can never bring myself to cutting the card in half for some reason :smiley:

​I'm sure that will help you big time just remember to spend responsibility otherwise you may have a divorce on the cards :smirk:

Don't most companies charge you an extra % when you pay on a credit card compared to debit cards making it not 0%? Or is that just something you have keep an eye out not to use it for?

Been offered £2800 for 30 months, very happy. Ideal for putting my car insurance on and the odd few bits.

Or use it to pay your car insurance and tax on, rather than paying for it monthly and absorbing massive interest cost.

​fair enough. but this is far from a credit score building card. especially if they decline your application.....

​30 years? omg

​your Mrs doesent complain.

Surely no one over the age of 18 is paying for their car insurance monthly? Pay the insurance in full and guess what you don't have to have "massive interest costs"

What a retarded statement

Good offer, still can't work out why they are using Scooby Doo to market their bank lately though

Did you do that before you bought your house?

Or did you save up? :smirk:

​well I didn't buy a house. I'm a squatter. bottom feeding off tax payers. :smiley:

Credit history is a wonderful thing. I have a mortgage - do you think I ought to have saved up for that as well? I'm on a fixed rate, but the interest I'm paying is more than 0%.

Sounds a great idea, have you actually done this?

30 months to save up and buy something then enjoy it or buy it now at someone elses expense and enjoy it for 30 months with the exact same outcome at the very end. This guy obviously pays his council tax in full at the beginning of the year :laughing:

Does anyone know if after getting the card you have to make purchases within a set time to qualify for the 0%?

Yes I did it as a balance transfer of 2K from Credit card to revolut to bank to credit card

So in effect making it a 0% balance transfer card with a 1% fee. I wonder whether banks are more (or less, or the same) generous with credit limits on 0% purchase cards than on balance transfer cards.

just did a house refurb. took 3 interest free credit cards. kept my savings as would have had to pay penalty to use them. will let savings mature then when out of the penalty period in 2 years will release savings and pay off credit cards. plus got cash back.
Yes you have to be careful but if used correctly these credit cards are great

​agree with Halifax clarity for going abroad. great rates.
I have both cards one for purchases in UK and clarity when abroad

​all depends on your credit score

​you got a mortgage on a caravan.....

​dont pay council tax. I squat innit.

Asked for 5k they confirmed 1200. Now got the paperwork and it is 5k.

I did think my credit was shot. But must be ok.

Go splash the cash and see you in 2 and half years when youre asking for debt advice :laughing:

Not sure if this has been overlooked, but in reality its not 30 months interest free, this is the hook they use to pull you in. I looked into this but read the conditions and it seems you have to clear you balance every month to stop any interest being charged.
Maximum 56 days for purchases if you pay your balance in full (including any balance transfers and money transfers) by the payment due date and you also paid your previous month's balance in full by the due date.

so good luck if you have applied for one

Yes, but the interest being charged will be at a rate of 0% for 30 months.

what is the minimum credit score needed to get this card?

Every one gets the 0% it says only 51% will get the lower interest rate after the 30 months

what was your score if you don't mind?

will this work to repay car loan?

Is there a 3% fee on balance transfers?

Is this still available, as when i click apply it doesn't take me to an application page? thanks.

And the credit card that you used treated it as a purchase? Some doubt expressed in this MSE thread as to whether all CCs would do that.

and what minimum score is likely to get approved for this one?

no mortgage for you then

you have to pay the minimum payment each month for full term to get interest free

all credit cards offer what you comment on
you'll be referring to the standard card terms at the end of this offer

​muurrrggghhhhhhhhhhhh. get over it

So in theory I don't need a credit card, but since I go holidays few times a year and a hire a car they always ask for credit card for deposit over debit card and it's not negotiable, and in such cases I have to pay for extra insurance just because I don't have credit card for deposit. Is worth getting this if I am practically using it 3 times a year for like 1K deposit each which is just frozen and unfrozen upon car return? (Fees-wise and what not)

You'd be better off with the Clarity card - http://www.halifax.co.uk/creditcards/clarity-card/ - fee free abroad, in case you ever were charged or wanted to use it on other purchases during your holidays, or at home.

Heated by the way. Great to combine with some of the rare, but better, current accounts. Hopefully Tesco re-open the applications for their 3% account (on up to £3k, 2 accounts allowed) - http://www.hotukdeals.com/deals/tesco-current-account-pays-3-aer-savings-balances-up-3-000-guaranteed-from-april-2613103 May as well let your money work for the 30 months and then pay off the card with it.

Thanks for pointing out, I'll look into it, so far it seems good from a brief read.

Thanks op I applied and I've got 0% for 6 months but it will come in handy

I have been using 2 cards like this for a while with my Tesco card on 21 months interest free on purchases. i have another MBNA coming to an end soon owing around 2k but have it saved anyway - yes you do need to be careful but if can, then they are great! - You could also help a friend out like I have by lending them some of your saved money, they pay you back when your card is due (with interest in my case so I earn more than banks give but less than my mate can get a loan, so we are both happy!) Win! Win!

sainsburys are doing 29 months on purchases also, (2-3% Cash Advance / Balance transfers)
for those who may want to avoid halifax. simple application too.

to keep the promotion you must repay 2.25% of the balance monthly by the due date (or £5 if you are nearly paid off)


Halifax Minimum payment is actually better
"An amount equal to the total of interest, default charges and 1% of the balance shown in your statement (minimum £5, or the full balance if less than £5)"

how's this compare? £21 cashback with 4 months less or am I missing something? https://www.topcashback.co.uk/halifax-19-16-balance-transfer-card/

• 0% for up to 26 months from account opening on balance transfers made in the first 90 days.

does any one know how does it compare to MBNA similar offering of 0% interest for 29 Months,18.9% APR thereafter which is also promoted on MSE? (obviously beside 1 month more 0% promo)

Any idea when this offer ends? Thanks

I'd suggest you try and go live in any 3rd world country for a few months. After you return, have a rethink if you REALLY "need the item".

Good find.

Myself also! We are moving in a few weeks and need a new kitchen/flooring, paint etc - both myself and the hubby have applied for bigger spending power :wink:

I have their Clarity card and I got accepted right away on this one

Go for it :innocent:

got rejected i work part-time permenant earn 20k annual:(

how long do i have to wait till i can reapply ?

great deal

Wish they had these a few years ago.. would have put everything onto it and build up a pot to pay off mortgage.. 0% balance transfer at end of mortgage..hey presto.. 0% mortgage for life