Repaying a Clarity Card
Cotta
Posts: 3,667 Forumite
in Credit cards
Hi All,
What is the repayment schedule for a Halifax Clarity card in order to avoid charges and interest?
For example if in October 1st 2017 I withdrew £100 from the account and on October 22nd 2017 I withdrew £50, when do these amounts need to be repaid in order to avoid all charges?
Thanks in advance
What is the repayment schedule for a Halifax Clarity card in order to avoid charges and interest?
For example if in October 1st 2017 I withdrew £100 from the account and on October 22nd 2017 I withdrew £50, when do these amounts need to be repaid in order to avoid all charges?
Thanks in advance
0
Comments
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The amounts need to be paid by the due date shown the statement that each transaction appears on.
You'll only avoid interest on purchases. Cash will attract interest from the transaction date.0 -
Deleted_User wrote: »The amounts need to be paid by the due date shown the statement that each transaction appears on.
You'll only avoid interest on purchases. Cash will attract interest from the transaction date.
So if something is paid for online etc this will avoid interest?0 -
Yes, as long as it's not a cash transaction.0
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Hi All,
What is the repayment schedule for a Halifax Clarity card in order to avoid charges and interest?
For example if in October 1st 2017 I withdrew £100 from the account and on October 22nd 2017 I withdrew £50, when do these amounts need to be repaid in order to avoid all charges?
Thanks in advance
If these are cash withdrawals, with no balance being carried, then you can pay the day after withdrawal with practically no interest.
If they are normal purchases then simply pay by the date required on teh statement.
If a combination then it's more fiddly, but doing the former will work though you lose the interest free period for the purchases.0 -
Ok I bought something for £50 on my Clarity card, I subsequently paid the £50 to my Clarity card within two days so the balance is at £0. However the £50 I spent on the item is being refunded to my card which will put the account at +£50, I assume there is no charge to withdraw this as cash?0
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Shouldn't be.
But I'm curious as to why you made a purchase and then paid it off two days later, only to get a refund subsequently....0 -
chattychappy wrote: »Shouldn't be.
But I'm curious as to why you made a purchase and then paid it off two days later, only to get a refund subsequently....
That was a scenario, I worded it poorly.0 -
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Hi All,
What is the repayment schedule for a Halifax Clarity card in order to avoid charges and interest?
For example if in October 1st 2017 I withdrew £100 from the account and on October 22nd 2017 I withdrew £50, when do these amounts need to be repaid in order to avoid all charges?
Thanks in advance
Your examples are in £, so are you withdrawing cash in the UK?
If so just use your debit card to avoid interest, without jumping through all these hoops.
If you are abroad, withdraw cash, enjoy your holiday and settle the few pennies in interest you are charged upon your return without jeopardising the card's T&C's.0
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