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    • gregarious
    • By gregarious 28th Nov 17, 10:16 AM
    • 7Posts
    • 0Thanks
    gregarious
    Halifax Money Transfer help
    • #1
    • 28th Nov 17, 10:16 AM
    Halifax Money Transfer help 28th Nov 17 at 10:16 AM
    Dear forum

    I have a large overdraft on my current account and the Halifax have increased their OD interest rates to 1p on every £7. I am considering using a money transfer from my current Halifax credit card to remove the balance.

    Would anyone know if when the 36 month term ends, if I haven't managed to pay off the balance can I transfer the balance to a new 0% credit card or will I have to continue with the initial card until the balance is paid off in full?

    I intend to pay it in full but am not certain I will be able to do so? I currently have money on the credit card from a previous balance transfer and will look for a new credit card transfer when the 0% term ends.

    Thanks.
Page 1
    • zx81
    • By zx81 28th Nov 17, 10:18 AM
    • 14,403 Posts
    • 15,201 Thanks
    zx81
    • #2
    • 28th Nov 17, 10:18 AM
    • #2
    • 28th Nov 17, 10:18 AM
    Of course, but only if you're able to get another card.
    • A4445
    • By A4445 28th Nov 17, 10:19 AM
    • 620 Posts
    • 287 Thanks
    A4445
    • #3
    • 28th Nov 17, 10:19 AM
    • #3
    • 28th Nov 17, 10:19 AM
    Yes there is nothing stopping you moving the balance to another card. You would tho need to be eligible for another card with someone else that's not part of the Lloyds banking group.
    • BoGoF
    • By BoGoF 28th Nov 17, 10:20 AM
    • 2,740 Posts
    • 1,976 Thanks
    BoGoF
    • #4
    • 28th Nov 17, 10:20 AM
    • #4
    • 28th Nov 17, 10:20 AM
    Impossible to say if you would be able to get a new 0% card in 3 years time. Assuming you dont damage your credit file during this time then no reason why not.
    • PeacefulWaters
    • By PeacefulWaters 28th Nov 17, 11:47 AM
    • 7,311 Posts
    • 9,059 Thanks
    PeacefulWaters
    • #5
    • 28th Nov 17, 11:47 AM
    • #5
    • 28th Nov 17, 11:47 AM
    Yes there is nothing stopping you moving the balance to another card. You would tho need to be eligible for another card with someone else that's not part of the Lloyds banking group.
    Originally posted by A4445
    I'm fairly sure that Halifax and BoS will accept balance transfers from Lloyds, and vice versa.
    • Sncjw
    • By Sncjw 28th Nov 17, 12:13 PM
    • 1,504 Posts
    • 901 Thanks
    Sncjw
    • #6
    • 28th Nov 17, 12:13 PM
    • #6
    • 28th Nov 17, 12:13 PM
    Do t you need a money transfer card in itself. I have Halifax credit card but haven’t seen you can do money transfer on the card
    • Candyapple
    • By Candyapple 28th Nov 17, 12:28 PM
    • 2,495 Posts
    • 1,863 Thanks
    Candyapple
    • #7
    • 28th Nov 17, 12:28 PM
    • #7
    • 28th Nov 17, 12:28 PM
    Do t you need a money transfer card in itself. I have Halifax credit card but havenít seen you can do money transfer on the card
    Originally posted by Sncjw
    They send out offers to existing credit card customers - as do Lloyds.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • gregarious
    • By gregarious 28th Nov 17, 2:26 PM
    • 7 Posts
    • 0 Thanks
    gregarious
    • #8
    • 28th Nov 17, 2:26 PM
    • #8
    • 28th Nov 17, 2:26 PM
    Do t you need a money transfer card in itself. I have Halifax credit card but havenít seen you can do money transfer on the card
    Originally posted by Sncjw
    The card I have is offering me a money transfer as well as a balance transfer.
    • Weybridge78
    • By Weybridge78 28th Nov 17, 7:55 PM
    • 97 Posts
    • 30 Thanks
    Weybridge78
    • #9
    • 28th Nov 17, 7:55 PM
    • #9
    • 28th Nov 17, 7:55 PM
    Yes, they have now introduced money transfer offers.
    • Candyapple
    • By Candyapple 29th Nov 17, 10:49 AM
    • 2,495 Posts
    • 1,863 Thanks
    Candyapple
    Yes, they have now introduced money transfer offers.
    Originally posted by Weybridge78
    It's not a new thing, they've been offering them to existing customers since at least 2012 when I took out a card with them.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
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