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MSE News: Halifax credit card holders urged to act ahead of rate hikes
Former_MSE_Guy
Posts: 1,650 Forumite
in Credit cards
This is the discussion thread for the following MSE News Story:
"Hbos is revamping interest charges which will initially see cuts for many but with the likelihood they will soar later ..."
"Hbos is revamping interest charges which will initially see cuts for many but with the likelihood they will soar later ..."
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Comments
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I assume so called "life of the balance" deals will remain uneffected by the changes?Debt at worst: £33000 (Feb 2011). Present debt: £25610 (Apr 2012)
Lloyds old (22.4%) = 560 (Dec 2012)0 -
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Doesn't affect me, I pay the balance off in full each month.0
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Will this affect the clarity card? Want to apply for one before I go on holiday in augustMFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0
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Oops, didn't see that, thanksMFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different0
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If it's initially going to bring rates down, why would you urge Halifax customers to act ahead of the changes. Why not wait to take advantage of the better rates and then move if/when the rates go up?0
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crispy_chris wrote: »If it's initially going to bring rates down, why would you urge Halifax customers to act ahead of the changes. Why not wait to take advantage of the better rates and then move if/when the rates go up?
You only get 60 days after notification to reject a rate rise, so its now or never.Martin Lewis, Money Saving Expert.
Please note, answers don't constitute financial advice, it is based on generalised journalistic research. Always ensure any decision is made with regards to your own individual circumstance.Don't miss out on urgent MoneySaving, get my weekly e-mail at www.moneysavingexpert.com/tips.Debt-Free Wannabee Official Nerd Club: (Honorary) Members number 0000 -
Looks like my card will be clear by then, but it looks like they are talking themselves out of being my 1 remaining card when all are paid.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Used mine for the 0% on purchases, which has now finished, unless I get a repeat purchase offer I won't be using the card again anyway.0
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