Halifax 0% for 12 months - when to pay off?

blueberrypie

I have a Halifax Mastercard which I've been using to slow-stooze since January. The card arrived with me around January 21st. It's a 12-month deal. My most recent statement is dated December 16th and shows that payment needs to reach them by January 11th.

My question is this: At what point will they begin to apply interest? Is it exactly 12 months after the card was opened - in other words, do I need to pay the full balance by mid-January? Or will full payment be due by the payment due-date on the January statement (i.e. mid-February)?

opinions4u

It will be 12 months from the date the agreement was signed.

Probably a couple of weeks before 21st January.

Might be worth a phone call for absolute clarity.

blueberrypie

Thanks, o4u. I will give them a call - when I get my voice back!

tipsychick

Halifax's statements are actually pretty good compared to some.

If you look on the LHS of the first page of the statement, there's a section called Rates of Interest. The Purchases one should state, "Introductory rate 0.00% p.a. until xx/01/2010" and that'll be when you need to clear the card by.

blueberrypie

tipsychick wrote: »

If you look on the LHS of the first page of the statement, there's a section called Rates of Interest. The Purchases one should state, "Introductory rate 0.00% p.a. until xx/01/2010" and that'll be when you need to clear the card by.

*slaps self on forehead*

Yes, indeed there is. I'm ill, I'm not thinking clearly, that's my excuse...

Thank you for pointing it out gently :-)