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Help... Halifax clarity credit card or fair fx per paid for euro spending??

betsie7
betsie7 Posts: 3 Newbie
in Credit cards
Hi I usually have the pre paid fair fx card for travelling to Spain, I've just spotted the Halifax clarity is a good credit card to go for when spending abroad, just wanted to know how the apr 12.9 works eg if I was to spend £2000 on the credit card whilst on holiday a mix of card transactions and cash withdrawals but was to pay it off before the months up would I be charged 12.9 percent on that £2000? Thanks in advance . Liz

Comments

  • pfpf
    pfpf Posts: 5,251 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    interest is calculated daily.

    pay off as soon as spend appears on your statement and interest charges will be pennies (if anything at all).

    nice card.
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    betsie7 wrote: »
    ...eg if I was to spend £2000 on the credit card whilst on holiday a mix of card transactions and cash withdrawals but was to pay it off before the months up would I be charged 12.9 percent on that £2000? Thanks in advance . Liz
    If you pay the balance in full you'll be charged the interest on withdrawals only.
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    grumbler wrote: »
    If you pay the balance in full you'll be charged the interest on withdrawals only.

    And the 12.9% is an ANNUAL rate - equivalent to 0.035424% a day
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Rate can vary but if 12.9% then that's basically 1% per month. Also you don't have to wait for your formal statement, log onto Internet banking as soon as you return and pay then, for a two week holiday that would be less than 0.5%, with minimal spread in the exchange rate.
  • smaug1979
    smaug1979 Posts: 2 Newbie
    Can you transfer money to your credit card before you go on holiday?

    Example:

    Transfer £400 by BACS prior to leaving UK then withdraw £400 worth of currency from destination @ perfect exchange rate?

    Since you do not go into debt there should be no interest?
  • Herbalus
    Herbalus Posts: 2,634 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    smaug1979 wrote: »
    Can you transfer money to your credit card before you go on holiday?

    You posted this is another thread - see answers there. It's against the T+C's to pre-load your card like this.
This discussion has been closed.
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