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Clarity Card Query

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Cotta
Cotta Posts: 3,667 Forumite
Hi All,


I have just received a Clarity card and I realise that if I use my card for a shop purchase or to take out some cash at an ATM I am incurring interest on a daily basis.

My question is how to I transfer money from my main current account to reduce the interest I pay?

Thanks in advance.

Comments

  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Daily interest is only incurred on cash withdrawals, not on purchases. You can pay by FP from your bank account to a Halifax account with your Clarity card number as reference - I think the account number is eight zeros, but check the details in your Halifax online.
    Evolution, not revolution
  • Sncjw
    Sncjw Posts: 3,562 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    If your current account is with Halifax you can pay the card off online easy to do. There's no interest on shop purchases if you pay in full by the date given
    Mortgage free wannabe 

    Actual mortgage stating amount £75,150

    Overpayment paused to pay off cc 

    Starting balance £66,565.45

    Current balance £58,108

    Cc around 8k. 

  • Nebulous2
    Nebulous2 Posts: 5,666 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you also have a Halifax current account it is very easy to do. I have the Halifax banking app on my phone and payments to the card are very straightforward. If you can get wifi or a data connection abroad you can make a transfer.
  • jennifernil
    jennifernil Posts: 5,710 Forumite
    Part of the Furniture 1,000 Posts
    Why take out cash on the credit card if you plan to repay immediately? Just take it directly from your main account.

    As said, no interest on purchases if you pay the statement in full every month.
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    edited 20 October 2016 at 1:13AM
    Why take out cash on the credit card if you plan to repay immediately? Just take it directly from your main account.
    No doubt it's a foreign currency withdrawal overseas, using Clarity being the cheapest method available.

    It should be noted that a payment will be allocated first to pay off any balance that is already statemented, then to cash withdrawals, then to recent purchases not yet statemented, in that order.
    Evolution, not revolution
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