Advice about Halifax Credit Card

msabf3

I have just taken out a "Halifax credit card" with 25 months at 0% with no balance transfer fee. Also it includes 4 months 0% interest on all purchases.



For the first 3 months I am hoping to pay minimum monthly charge on the purchases and balance transfer amount. Then in month 4 pay the full outstanding amount for all the purchases and minimum amount on the balance transfers.



From month 5 just pay minimum required amount on the balance transfer. Also not make purchases using this card.



Will this work?

YorkshireBoy

msabf3 wrote: »

Will this work?

Is the underlying question "will this mean I can avoid paying interest on the purchases?"

As a rule, you shouldn't mix purchases with BTs on the same card unless the durations are identical, but condition B7.4 of your T&Cs seems to suggest the answer to the underlying question is yes.

But wouldn't you be paying it off too early?...their website says 0% for 6 months on purchases, not 4 months.

msabf3

Thanks you for your comments. Having checked my details it is 6 months 0% on all purchases. I will pay full amount on all items purchases after month 5 using bank transfer to avoid any interest charges and keep the direct payment setup as minimum amount.




Halifax will not cancel my card if I do not make any more purchases ?


I will pay minimum amount on the balance transfer just before 0% offer ends.

MallyGirl

msabf3 wrote: »

Halifax will not cancel my card if I do not make any more purchases ?

no they won't - you will have a large balance with them.
I have several cards where I have just done a balance transfer or money transfer and never made a single purchase (because you don't mix purchases and transfers as mentioned above)