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MSE News: Halifax credit card holders urged to act ahead of rate hikes

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MSE News: Halifax credit card holders urged to act ahead of rate hikes

edited 30 November -1 at 1:00AM in Credit Cards
18 replies 3.7K views
MSE_GuyMSE_Guy MSE Staff
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I've been Money Tipped! Newshound! Chutzpah Haggler
edited 30 November -1 at 1:00AM 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 ..."
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Replies

  • ElmerFuddElmerFudd Forumite
    444 posts
    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)
  • YorkshireBoyYorkshireBoy Forumite
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    ElmerFudd wrote: »
    I assume so called "life of the balance" deals will remain uneffected by the changes?
    Covered in the article referenced above...
    Hbos will honour all promotional deals until they expire...
  • st999st999 Forumite
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    Part of the Furniture 1,000 Posts Name Dropper
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    Doesn't affect me, I pay the balance off in full each month.
  • skapsskaps Forumite
    2.3K posts
    Will this affect the clarity card? Want to apply for one before I go on holiday in august
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • YorkshireBoyYorkshireBoy Forumite
    31.4K posts
    Part of the Furniture 10,000 Posts
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    skaps wrote: »
    Will this affect the clarity card? Want to apply for one before I go on holiday in august
    Covered in the article referenced above...
    anyone with a Halifax Clarity card is unaffected until 2012.
  • skapsskaps Forumite
    2.3K posts
    Oops, didn't see that, thanks
    MFW 2016 No 68 £1300/£8500 No new toiletries Cook sth different
  • 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?
  • MSE_MartinMSE_Martin MoneySaving Expert
    8.3K posts
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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?


    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.
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  • Percy1983Percy1983 Forumite
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    Part of the Furniture 1,000 Posts Combo Breaker
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    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 :T
    Quit day job to run 3 businesses 08/02/2017 :j
    Started third business 25/06/2016 ;)
    Son born 13/09/2015:kisses2:
    Started a second business 03/08/2013 :D
    Officially the owner of my own business since 13/01/2012 :beer:
  • fozmcfcfozmcfc Forumite
    3.1K posts
    PPI Party Pooper Debt-free and Proud!
    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.
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