Halifax Clarity Card Launch Today!

YorkshireBoy

Grade_A_Reject wrote: »

...was told that I had a Clarity Rewards card and not a Clarity Rewards "Cashback" card.

They're talking nonsense!

The two cards are the 'Clarity Card' (which doesn't pay cashback), and the 'Rewards Clarity Card' (which does pay cashback, providing you meet the qualifying criteria and spending conditions).

Grade_A_Reject

YorkshireBoy wrote: »

They're talking nonsense!

The two cards are the 'Clarity Card' (which doesn't pay cashback), and the 'Rewards Clarity Card' (which does pay cashback, providing you meet the qualifying criteria and spending conditions).

Actually it was me typing nonsense in my post.

They told me I had a Clarity Card and not a Clarity Rewards Card. To be honest I don't recall there being any distinction between the two when I applied online for what I thought was the reward card.

YorkshireBoy

Grade_A_Reject wrote: »

They told me I had a Clarity Card and not a Clarity Rewards Card. To be honest I don't recall there being any distinction between the two when I applied online for what I thought was the reward card.

As far as I remember, there's always been the two cards.

The qualifying criteria for the Rewards Clarity Card was a current account (not necessarily a Reward current account) into which you paid at least £1K a month (or an URCA), and the conditions were that you spent a minimum £300 per statement period on the card and did not breach the T&Cs.

http://www.halifax.co.uk/creditcards/home.asp

easterbunni

I applied online and was told pretty much immediately I had been accepted with a £3450 limit.

When I got the agreement through the post, I put it all back into the return envelope, including the envelope it came in, and told them where to stick their 21.9% interest rate

YorkshireBoy

easterbunni wrote: »

I put it all back into the return envelope, including the envelope it came in, and told them where to stick their 21.9% interest rate

What difference does the interest rate make? This card's not designed to carry a revolving balance...it kind of defeats the object of cashback.

If you want to carry a revolving balance then apply for a 0% on purchases card.

Or were you quite happy to pay 12.9% but not 21.9% APR?

Dave_®f©

easterbunni wrote: »

When I got the agreement through the post, I put it all back into the return envelope, including the envelope it came in, and told them where to stick their 21.9% interest rate

I done the exact same when they offered me 17.9%. I have a One card of around 13.9% so why would I want a higher interest rate.

While writing to them to tell them where to stick it, I also told them I'd be seriously thinking if I wanted to keep my £60k savings with them if they thought so little of me.

Would only be playing them for the free fiver but wouldn't encourage them to shaft me with the higher rate.

apt

Dave, you are shafting yourself if you are paying interest on a credit card - whether at 13.9% or 17.9% - and have £60,000 sitting in Halifax savings accounts.

opinions4u

Dave_®f© wrote: »

I done the exact same when they offered me 17.9%. I have a One card of around 13.9% so why would I want a higher interest rate.

While writing to them to tell them where to stick it, I also told them I'd be seriously thinking if I wanted to keep my £60k savings with them if they thought so little of me.

Would only be playing them for the free fiver but wouldn't encourage them to shaft me with the higher rate.

Is it me, or are you insane?

If you carry debt at 13.9%, pay it off with your savings.

If you don't carry debt, then take their fiver every month.

What the hell does the rate matter?

Andystriker

I have this card and had no idea what the rate is.

I use it for the free fivers and they can charge 100% interest if they want because I will pay it off in full every month.

Andy

Dave_®f©

apt wrote: »

Dave, you are shafting yourself if you are paying interest on a credit card - whether at 13.9% or 17.9% - and have £60,000 sitting in Halifax savings accounts.

opinions4u wrote: »

Is it me, or are you insane?

If you carry debt at 13.9%, pay it off with your savings.

If you don't carry debt, then take their fiver every month.

What the hell does the rate matter?

Thanks for the concern chaps but who said I was carrying debt? I haven't paid interest on a credit card since my early twenties, which has been a while now.

It was the principle. They say that 2/3rds of applicants get the lower rate but for whatever reason, I didn't qualify for it. On the other hand, I don't have to accept their rate that is 17.4% above base rate if I don't like their offer. You never know when you might need extended credit?!

They lose the merchant fees and I lose an extra free fiver each month. I'll just keep playing with the three reward accounts for my screw the bank money.