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  • FIRST POST
    • HPG1
    • By HPG1 14th Sep 17, 10:34 AM
    • 1Posts
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    HPG1
    Halifax Clarity Card Interest and Cashback
    • #1
    • 14th Sep 17, 10:34 AM
    Halifax Clarity Card Interest and Cashback 14th Sep 17 at 10:34 AM
    I have a Halifax Reward Current account and Clarity Mastercard. Utilizing their Cashback Extras, I activated their 10% cashback for Harveys Furniture in August as I had seen a sofa that I wanted to buy. As the purchase would be over £1000, I opted to use the credit card to pay for the purchase online on 29th August 2017 and I am due £100 in cashback (I also used Topcashback and I am due another £82 - result!!)

    As my statement has now been produced, dated 3 September 2017 it states that my next months estimated interest will be £16.85. Whenever I use the card, I pay it off in full before the statement is produced but I will not be able to do the same this time round.

    My question is should I transfer the balance now onto my other card; I have Barclays Freedom Rewards with a minimal balance at 1.9% transfer fee and if so, would I jeopardise my cashback which is due to be paid this month.

    As interest is being charged daily, I am quite keen to move the balance but not if it will affect the cashback. I have paid some off already and by the time the payment is due on 28 September, the balance remaining would be £800. If I transfer then, the fee would be £15.20 at 1.9%. I had planned on moving the balance anyway but I did not think about the cashback side of things.

    Apologies if I have posted this in wrong place but as it involves my current account and credit card, I was unsure.

    Thanks in advance!
    HPG1
Page 1
    • bengalknights
    • By bengalknights 14th Sep 17, 10:46 AM
    • 4,158 Posts
    • 1,519 Thanks
    bengalknights
    • #2
    • 14th Sep 17, 10:46 AM
    • #2
    • 14th Sep 17, 10:46 AM
    The transfer would be classified as a payment so has no relevance to the cashback
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