halifax 0% for 9 months on purchases

bilbo_2

is there any catch on this

I apply get accepted and spend for 9 months keeping under my credit limit and making minimum payments for 9 months is that correct ??

Moggles_2

Absolutely.

As always, make sure you diarise the date the 0% period ends. Then pay off the full balance (including any transactions posted to your account since your last statement) leaving time for your payment to clear before the expiry date. Also, stop using the card, otherwise you'll incur residual interest (or trailing interest as it's sometimes known) the following month

bilbo_2

can anyone who has taken out this card tell me how long it takes to arrive ??

CannyJock

Normally a couple of weeks.

bilbo_2

does the 9 months start from when you recieve the card ??

YorkshireBoy

The end date is far more important than the start date.

That said, and IIRC, the start date is the date they receive the signed credit agreement. Halifax do (or certainly have done for me with 4 or 5 cards over the years) show the end date on every statement.

However, the end date is easy to ascertain being as it's one of 7 or 8 items on your activation call checklist...

http://www.stoozing.com/forum/YaBB.pl?num=1194457781/5#5

naijapower

Simply call them when you are accepted to confirm the stop dates for you make a note of it.

rb10

You can get 12 months 0% on purchases if you have a current account. See here.

co123456

Taking ages to process my 12 month card. I had enough and waltzed into the branch and signed the agreement there and then. With the postal shennanigans, a good idea if you're in need of the card sharpish.

Boozer

Could somone please explain to me what is meant in the small print of many of these 0% on purchase cards?

I read all the details and it says:

Interest free period:
Max 51 days for purchases if you pay your balance in full and on time, and have paid the previous months balance in full and on time.

also:
you will not pay interest on new purchases if you pay your balance in full and on time.

To me it reads like i have to pay the full balance off each month to not pay interest, nowhere in the text does it state the time frame.

Probably been covered many times but i had a small search and did not find the relevant information.

Cheers

rb10

The general terms of this (and nearly all) credit cards say that if:

You make a purchase on your card ... it appears on your next statement ... you pay this statement off in full by the due date AND you paid the previous statement off in full by it's due date

then you will not pay any interest on the purchase. This is the 'up to 51 days interest free' that runs for the life of your card.

If, however, you fail to pay off either this statement or the previous statement in full, then interest will be charged to the card at the going rate.

When you are on an introductory offer period, this 'going rate' is 0%, so this means that provided you make the minimum payment each month, you will not be charged any interest during the promotional period.