Halifax Clarity Card - Best Way to Use it?

Any

YorkshireBoy wrote: »

At around 1.10 to the pound you should have been able to take out 330 Euros. Did you try? And did you let them know you were going abroad? If not maybe that's why they've set a lower limit.

In the link I enclosed and DJfearRoss purposely ignored

Is there a daily cash withdrawal limit?
You can use your new Halifax Clarity Credit Card or Halifax Rewards Clarity Credit Card to withdraw upto £500 per day from any cash machine in the world that has MasterCard logo. You pay interest from the day you withdraw cash, but unlike many other cards, there's no withdrawal fee.

So I am thinking that maybe the Eur300 might have been imposed by the ATM on the other side?

I would give Halifax a ring to find out.

Any

DJFearRoss wrote: »

Amy - can't be bother replying to your posts, you've obviously just looking for confrontation..

- not relevant but thanks for trying.

My name/username is not Amy.

I actually am not the one looking for confrontation - you came here claiming that noone told you there is an interest payable while you actually posted that on 2 months old thread that spells out that there is interest payable...and how best to minimise it. Confused.

I also enclosed link from Halifax saying that there is interest payable.. And other very useful info.

You just don't want to listen.

DJFearRoss

At around 1.10 to the pound you should have been able to take out 330 Euros. Did you try? And did you let them know you were going abroad? If not maybe that's why they've set a lower limit.

Thanks for tip, will contact them and let them know. No, i didn't try to take out 330e, i assumed it was a limit that Spanish ATM's have. Will also investigage that 'push' thing you mentioned.

Any

DJFearRoss wrote: »

Thanks for tip, will contact them and let them know. No, i didn't try to take out 330e, i assumed it was a limit that Spanish ATM's have. Will also investigage that 'push' thing you mentioned.

I would also assume that it is the limit spanish ATM have (given that Halifax claims that their limit is £500). If that is the case, then I would investigate whether just by going to different spanish bank's ATM would solve the problem.

DJFearRoss

you came here claiming that noone told you there is an interest payable

- wrong, read back

In the link I enclosed and DJfearRoss purposely ignored

- wrong, link was already provided by someone else, please search forum for past posts (as you advised me!) :-)

===============================================================

This is what my statement shows;

CAM
CURRENCY: EUR, CURRENCY AMOUNT: 300.00, EXCHANGE: 1.15 £260.48
B.B.V.A.
CURRENCY: EUR, CURRENCY AMOUNT: 300.00, EXCHANGE: 1.15 £258.64

As you can see there is a noticeable difference of £1.84! I can only assume the charges came from the ATM machine, as the rate is the same, but no message was shown on screen to say as such. Is this normal practice? or am i doing something wrong here?

premierfella

DJFearRoss wrote: »

This is what my statement shows;

CAM
CURRENCY: EUR, CURRENCY AMOUNT: 300.00, EXCHANGE: 1.15 £260.48
B.B.V.A.
CURRENCY: EUR, CURRENCY AMOUNT: 300.00, EXCHANGE: 1.15 £258.64

As you can see there is a noticeable difference of £1.84! I can only assume the charges came from the ATM machine, as the rate is the same, but no message was shown on screen to say as such. Is this normal practice? or am i doing something wrong here?

I wouldn't necessarily assume it was an ATM charge. It could be that the 1.15 exchange rate quoted on the statement is truncated to 2 decimal places. Was there a time difference between the two withdrawals?

DJFearRoss

Was there a time difference between the two withdrawals?

Yes, 2 days. That's a noticeable difference!

Johnnn

My Clarity card will arrive soon and I intend using it on a trip to France in two weeks. Just to clarify the advice above, if I know I will be withdrawing, say, 300 Euros cash on three occasions during my trip, I can set up three bank transfers in advance from my (non-Halifax) current account timed to hit the Clarity account on the day of withdrawal, and thereby probably pay very little interest?

What I don't understand is how other purchases come into this. Presumably the credits would not just be applied to the cash withdrawals, so if I, say, withdrew 300 euros and paid in the equivalent of 300 euros on the same day, but then purchased goods worth 200 euros, how would the credit be applied? Would I end up paying interest on 200 euros until the balance was paid off, even though, from my point of view, this was for goods?

Thanks for any advice,

John

premierfella

2.2 We use any payments you make to pay off transactions that appear on your statements starting with those on which we charge interest at the highest rate. We will then pay off transactions on which we charge interest at the next highest rate and so on down to the lowest rate of interest. If the payment is not enough to pay off all transactions at a particular interest rate, we will pay off transactions charged at that interest rate in the order:- cash advances, cheques, purchases, balance transfers and default sums. If you pay more than the amount due shown on your statement, we will use any remaining payment to pay off transactions that have not yet appeared on your statement in the same order as those that do appear on your statement. In this condition, "transaction" includes the amount of the purchase, cash advance, cheque, default sum or balance transfer plus any interest, fees or insurance payment charged as a result of that transaction.

So in your example I expect the cash advances would be covered by the payments and you would have the usual interest free period to pay off the purchases.

DJFearRoss

premierfella wrote: »

I wouldn't necessarily assume it was an ATM charge. It could be that the 1.15 exchange rate quoted on the statement is truncated to 2 decimal places. Was there a time difference between the two withdrawals?

Your right, your maths is obviously alot better than mine.