Market Leading Credit Card From Halifax

Halifax has extended the 0% balance transfer period on its All in One credit card to up to 15 months.

The All in One credit now offers 0% for up to 15 months* on balance transfers with a typical APR of 17.9%, helping you manage your existing credit. There’s also 0% for up to 15 months on purchases.

This means that a new Halifax customer transferring £3,000 from a competitor’s credit card with a typical APR of 17.9% would save hundreds of pounds in interest charges if they use the 15 month 0% period to pay off their debt.

The Halifax All In One Credit Card offers the following extras:

• Cover against online fraud when purchasing on the internet
• Card replacement if lost
• No interest charged on purchases if every statement balance is paid in full by the payment date
• No annual fee
• Online management of your card
• Accepted wherever you see the MasterCard sign in over 24 million locations worldwide
• Additional cards available
• Around the clock service

You can see all the details on the Halifax website, just click here.

Richard Washington, Head of Halifax Credit Cards comments: “We are very pleased to be able to offer this market leading credit card, offering customers the flexibility of 0% interest on balance transfers as well as purchases. With this new offering, we are making even more options available to customers, be it balance transfers, low rates or fee free cards”

MoneyHighStreet comments: “Clearly many will be able to benefit from this improved deal on the All in One credit card, however, taking out any credit card must first be clearly considered. Moving your debt from one place to another may seem attractive but you still have the debt and at some point will have to pay it off.

“If you cannot pay the debt off during the 0% interest period, or cannot move the debt on at the end of the period, you could find yourself in a very precarious position.

“If you are concerned about managing your credit limits, another option to consider is a prepaid card. These cards work like pay-as-you-go mobile phones, allowing consumers to load the card with cash which you can use to make purchases. They don’t provide any credit facilities as such – once the balance reaches zero they cannot be used to make further purchases until they have been topped up.

“Many are using prepaid cards to help manage their budget as well as when shopping online.”

* The majority of customers will be offered the best rate of 17.9% APR representative (variable) and 0% for 15 months on balance transfers and purchases. Other customers will receive a 0% introductory offer of 13 or 11 months.