Halifax clarity credit card.

alig301

Hi,

I have just signed up for the subject card as I am going on holiday fairly soon as I wanted to get max value for money changing.

Ok here's the question...?

I will obviously spend money on holiday....arrrgh...lol:rotfl: and I plan to take it out of an ATM over there using the Credit Card. So should I pay the money to the card I think I will take out whilst on holiday, so my balance will be that much in credit before I go, and hence when I make an ATM withdrawl, then I will not be charged interest??

Thoughts please.!!!:beer:

YorkshireBoy

alig301 wrote: »

So should I pay the money to the card I think I will take out whilst on holiday, so my balance will be that much in credit before I go, and hence when I make an ATM withdrawl, then I will not be charged interest??

Thoughts please.

My thoughts are you should read the T&Cs where you'll see that pre-loading breaches said T&Cs (and resulting, at worst, in the account being blocked).

You do realise that, at 18.9% APR, the interest accruing will be around 5p per £100 cash balance per day, so less than a couple of quid for £500 withdrawn linearly over a fortnight if you settle immediately on your return to the UK?

[Deleted User]

Aqua got in a right strop when I did it - as stated it breaches T&Cs.

Mine was obvious as I kept topping it up (they only blocked it near the end of the holiday so wasn't an issue). If you were to 'accidentally' pay £1000 instead of £100 then take it all out ASAP then not much could happen.

Worst they could do is close your account for breach of T&Cs once you get back. Depends how often you use the account and if you want to take the risk. The interest won't be a massive amount - I was on a higher APR with Halifax and still only got charged about 3 quid.

mvarrier

I have done this with the halifax card. Not the whole holiday amount just £200 before I left. Then used internet banking to pay off more as required.
Not worth interrupting your holiday and going to an internet cafe for but easy enough with an iPad and hotel wifi.

Safety_Nerves

It's easy to pay off the balance the next day via internet banking. They posted 4 pages of A4 bill to me for 6 pence last month for the single day of interest!