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  • FIRST POST
    • LJC1968
    • By LJC1968 13th Aug 17, 9:52 AM
    • 7Posts
    • 0Thanks
    LJC1968
    Using Halifax credit card as a currency card
    • #1
    • 13th Aug 17, 9:52 AM
    Using Halifax credit card as a currency card 13th Aug 17 at 9:52 AM
    Hello, I'm going to Japan in a few months for 3 weeks and was wondering if it would be advantageous to over-pay my Halifax credit card before travelling and use this as a cash card at the ATMs? That way, if there's a credit balance on the credit card, there should be no interest to pay so long as I remain in credit? The options are to 1) take cash, 2) get a currency card (I understand there are disadvantages to this (fees)) or 3) overpay my Halifax credit card and use this in the same way as a currency card (as the Halifax credit card doesn't charge fees). Any advice on any disadvantages to 3) would be most welcome! Thanks. Lisa
Page 1
    • jackieblack
    • By jackieblack 13th Aug 17, 9:58 AM
    • 7,163 Posts
    • 9,425 Thanks
    jackieblack
    • #2
    • 13th Aug 17, 9:58 AM
    • #2
    • 13th Aug 17, 9:58 AM
    This has been discussed many times before.
    Pre-loading is against the t&c and you may find your payment returned and/or account blocked.
    Anecdotally, there have been people on here who have done it and got away with it with no problems.

    I'd just use the card when you get there. Interest charges on cash withdrawals are minimal (some use online pmt to repay as soon as the transaction hits the account, others wait until they get home. In either case it's such a small amount that, personally, I don't think it's worth the risk.
    Last edited by jackieblack; 13-08-2017 at 10:36 AM.
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    • LJC1968
    • By LJC1968 13th Aug 17, 10:02 AM
    • 7 Posts
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    LJC1968
    • #3
    • 13th Aug 17, 10:02 AM
    • #3
    • 13th Aug 17, 10:02 AM
    OK, many thanks for that, much appreciated - I'll take your advice and just pay it when I get back.
    • photome
    • By photome 13th Aug 17, 10:02 AM
    • 12,726 Posts
    • 8,206 Thanks
    photome
    • #4
    • 13th Aug 17, 10:02 AM
    • #4
    • 13th Aug 17, 10:02 AM
    Too me the negatives regarding overpaying are too much compared to the minimal interest charged for using it properly.

    Can you imagine the Halifax stance if everybody preloaded
    • chattychappy
    • By chattychappy 13th Aug 17, 10:23 AM
    • 6,350 Posts
    • 3,334 Thanks
    chattychappy
    • #5
    • 13th Aug 17, 10:23 AM
    • #5
    • 13th Aug 17, 10:23 AM
    I love Japan, have a great time!

    Halifax Clarity is good for travelling, is that the Halifax card you have? Not all cards are the same...
    • jackieblack
    • By jackieblack 13th Aug 17, 10:36 AM
    • 7,163 Posts
    • 9,425 Thanks
    jackieblack
    • #6
    • 13th Aug 17, 10:36 AM
    • #6
    • 13th Aug 17, 10:36 AM
    Halifax Clarity is good for travelling, is that the Halifax card you have? Not all cards are the same...
    Originally posted by chattychappy
    Good spot! (I just assumed )
    2.22kWp Solar PV system installed Oct 2010, Fronius IG20 Inverter,
    south facing (-5 deg), 30 degree pitch, no shading

    Quidquid Latine dictum sit altum videtur
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    • SHill
    • By SHill 13th Aug 17, 10:52 AM
    • 137 Posts
    • 59 Thanks
    SHill
    • #7
    • 13th Aug 17, 10:52 AM
    • #7
    • 13th Aug 17, 10:52 AM
    Ensure you have direct debit set up to pay that card 1) minimum amount or 2) pay the balance off.

    You can always check your spend online..

    Have you contacted Halifax and let them know that you are using the card abroad?
    • dresdendave
    • By dresdendave 13th Aug 17, 11:17 AM
    • 642 Posts
    • 746 Thanks
    dresdendave
    • #8
    • 13th Aug 17, 11:17 AM
    • #8
    • 13th Aug 17, 11:17 AM
    Just in case you haven't been to Japan before. Many ATM's will not accept non-Japanese cards. ATM's in 7-11 stores will, and have an English option on screen. I believe ATM's in Post Offices are OK as well but you will find far more 7-11's nearby than PO's.
    • worried jim
    • By worried jim 13th Aug 17, 11:22 AM
    • 8,626 Posts
    • 13,152 Thanks
    worried jim
    • #9
    • 13th Aug 17, 11:22 AM
    • #9
    • 13th Aug 17, 11:22 AM
    Or simplify your life and get a Monzo account.

    https://monzo.com/
    "Only two things are infinite-the universe and human stupidity, and I'm not so sure about the universe"
    Albert Einstein
    • YorkshireBoy
    • By YorkshireBoy 13th Aug 17, 11:23 AM
    • 29,444 Posts
    • 17,228 Thanks
    YorkshireBoy
    To put a little perspective on it:

    Assume:

    1. Clarity card
    2. You have the current representative 18.9% APR
    3. You draw out £1,000 linearly over the 3 weeks

    Maximum* interest = £500 x 0.17472 / 365 x 21 = £5.03

    Is it really worth the risk of pre-loading and thereby breaching the T&Cs for a fiver?


    * Will be less if a DD takes whilst you're away.
    • connor090
    • By connor090 27th Aug 17, 6:07 AM
    • 1 Posts
    • 0 Thanks
    connor090
    I am also confused about that.
    Last edited by connor090; 02-10-2017 at 1:51 PM.
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