Halifax Clarity card questions

SnowTiger

jcsc01 wrote: »

rsooty, you can confirm what is in my post by speaking to a member of staff at any branch.

Or you could look at the Terms and Conditions:

4.3 We generally charge interest daily on the balance outstanding on the account. We start charging interest on Transactions and on all other amounts from and including the date they are added to the account.

And:

16.9 You must not make payments or transfer funds from another credit or store card to your account that would leave a credit balance on your account.

jcsc01 wrote: »

Yorkshire boy, you can put money onto the card prior to using it, then when you withdraw at ATMs its your own money so you won't incur charges.

You can. However, given how valuable the Clarity card is (especially when you're abroad), perhaps it's best to stick to the T&Cs you agreed to.

YorkshireBoy

jcsc01 wrote: »

rsooty, you can confirm what is in my post by speaking to a member of staff at any branch.

Hopefully it won't be the same Halifax staff member who gave the advice to the customer in this thread...

https://forums.moneysavingexpert.com/discussion/528883

...or if it is, let's hope they've been retrained!

Yorkshire boy, you can put money onto the card prior to using it, then when you withdraw at ATMs its your own money so you won't incur charges.

I'm very conversant with the theory thanks. I'm warning the OP about the dangers of doing it in practice...and backing it up with the T&Cs of the agreement (as is SnowTiger above).

Westie983

Hi all,

You can't put the clarity card in credit this is called pre loading and Ia against the T&Cs as quoted above.

You are charged interest on purchases from the day it's posted onto your credit card account with the exception of ATM withdrawals which interest is charged as soon as you remove the cash from the ATM.

In regard to paying off the balance shortly after a ATM withdrawal as mentioned you may find your payment is processed within two hours and if this is the only transaction on the card at the time it will put the card in credit till the transaction is applied to the credit card account.'
Hope this helps to clear up some issues.

YorkshireBoy

Westie983 wrote: »

You are charged interest on purchases from the day it's posted onto your credit card account with the exception of ATM withdrawals which interest is charged as soon as you remove the cash from the ATM.

Hope this helps to clear up some issues.

Doesn't clear anything up for me I'm afraid, because they card's T&Cs do not make any distinction between ATM withdrawals and purchases with regard to when they start to accrue interest. From the T&Cs...

4.3 We start charging interest on Transactions and on all other amounts from and including the date they are added to the account.

And also...

22. Transaction: Purchases, payments by Cheque, Cash Withdrawals and Balance Transfers.