Clarity card - apparent ambiguity

abarron87

Hi I hope someone can clear this up for me. I'm deciding between the Halifax Clarity and the Creation Everyday. Both have in their stats box sections (would post a link but as a noob I'm not allowed):

Interest on cash withdrawals? Yes, until it's repaid in full

However, under the description of the Clarity card (oh, the irony) it says:

There's no fee for cash withdrawals, though you'll be charged interest at 18.9% representative APR even if you pay it off in full

Whereas for the Creation Everyday:

There's no fee for cash withdrawals, though you'll be charged interest at 12.9% representative APR until you pay it off in full.

It's the same for the mbna Amex.

I am already somewhat more convinced that I should follow the description and not the stats box since reading a recent post in the forum from 8th March from Daniel86 (again, would post a link but not permitted).

Am I right in saying the stats box is wrong? The Clarity will charge me interest on cash withdrawals regardless of whether or not I pay it off in full on the day or at the end of the month. Whereas the Creation will only charge me interest if I don't pay it off in full. Just like interest on transactions.

Hope I've been clear enough in describing my confusion.

Thanks in advance.

[Deleted User]

No - they're both saying the same thing. You'll be charged interest regardless.

grumbler

abarron87 wrote: »

...
Am I right in saying the stats box is wrong? The Clarity will charge me interest on cash withdrawals regardless of whether or not I pay it off in full on the day or at the end of the month.

Yes, Clarity's wording is poor. They should have said "even if you pay the next statement balance in full".
The interest is charged from the day you withdraw money until the day you pay the withdrawal off.
Beware that the previous statement has to be paid off first for a new payment to get allocated to the 'cash' balance.