Halifax Clarity reduced credit limit. What to do?

adindas

King_Of_Fools wrote: »

JOOI, why do you prefer using the Halifax Clarity for cash over the Nationwide FlexPlus as I would have though it would be cheaper to use the FlexPlus as there would be no interest charges.

Not everyone have Nationwide FlexPlus. Not many people are interested in paying £10 fee a month....

bigadaj

adindas wrote: »

Not everyone have Nationwide FlexPlus. Not many people are interested in paying £10 fee a month....

Strange use of the English language. Also not relevant to the conversation as we have someone who has the account and chooses not to use overseas cash withdrawals, presumably for the reasons I noted previously.

The account is unusual in that it can work well unlike most fee paying accounts. I've got one and the breakdown cover and travel insurance would cost more than £120 per year. Net cost is actually a lot less due to the credit interest, meaning that half the fee is covered, and yes I have pretty much all the other high paying current accounts so couldn't do any better anywhere else.

adindas

bigadaj wrote: »

Strange use of the English language. Also not relevant to the conversation as we have someone who has the account and chooses not to use overseas cash withdrawals, presumably for the reasons I noted previously.

The OP who initiate this thread never mention about having Nationwide FlexPlus.

bigadaj wrote: »

The account is unusual in that it can work well unlike most fee paying accounts. I've got one and the breakdown cover and travel insurance would cost more than £120 per year. Net cost is actually a lot less due to the credit interest, meaning that half the fee is covered, and yes I have pretty much all the other high paying current accounts so couldn't do any better anywhere else.

I doubt if many people are interested in paying £10 just to get multi trip annual travel insurance. I got mine for free for travel in Europe. People who want to pay could get annual travel insurance for the whole family as low as £27 in Europe and Worldwide for £46. Breakdown cover could be as low as £18/year, not £120.

bigadaj

adindas wrote: »

The OP who initiate this thread never mention about having Nationwide FlexPlus.



I doubt if many people are interested in paying £10 just to get multi trip annual travel insurance. I got mine for free for travel in Europe. People who want to pay could get annual travel insurance for the whole family as low as £27 in Europe and Worldwide for £46. Breakdown cover could be as low as £18/year, not £120.

You've got a set view, mine is different. You don't get full recovery and home start etc for £18, your money and your choice, I prefer looking at the deal in the round. It's also not £120 as I've previously said.

zagfles

adindas wrote: »

The OP who initiate this thread never mention about having Nationwide FlexPlus.

The question wasn't asked of the OP, it was asked of someone else who already has a FlexPlus.

I doubt if many people are interested in paying £10 just to get multi trip annual travel insurance. I got mine for free for travel in Europe. People who want to pay could get annual travel insurance for the whole family as low as £27 in Europe and Worldwide for £46. Breakdown cover could be as low as £18/year, not £120.

Where can I get European breakdown cover for £18? Last time I looked it was £55 minimum for any decent level of cover. Add the travel insurance worldwide inc winter sports, and without the blanket exclusion on alcohol a lot of the cheap policies have (so they're only suitable for teetotallers), makes it well worth it for a net cost of £60 a year after the interest.

Plus a few extras like mobile insurance, extended warranty and free cash withdrawals abroad thrown in.

jellybaby22

nzpod wrote: »

Thanks thats what I thought.

Just very annoying because its a great overseas CC! Amazing.

I don't normally use Credit Card's but keep a couple in case of emergencies. I have just got one of these because MSE said it was the best to use abroad and i will be traveling soon. Do you know if i can also get euro's off it in the uk, at good rates, in any bank, and should i pre-load it first?

zagfles

jellybaby22 wrote: »

I don't normally use Credit Card's but keep a couple in case of emergencies. I have just got one of these because MSE said it was the best to use abroad and i will be traveling soon. Do you know if i can also get euro's off it in the uk, at good rates, in any bank, and should i pre-load it first?

No you can't get Euros off it in the UK (or if you can it will be at rubbish rates - some UK airports have Euro ATMs but they do the currency conversion at usually rip-off rates).

But why do you need Euros in the UK? Wait till you're abroad. All major airports will have ATMs. Make sure you don't take the "pay in GBP" option if the ATM offers it.

And no you can't pre-load it. Just pay it off as soon as you get back, don't wait for the statement. You'll pay a little interest but it'll be far cheaper than the charge hidden in the rate if you change cash on the high street.

YorkshireBoy

jellybaby22 wrote: »

should i pre-load it first?

Only if you want to breach the T&Cs and/or risk having it blocked before you've had chance to use it!