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Money Transfer and Halifax
Cardinal-Red
Posts: 664 Forumite
in Credit cards
So linked to my other thread from a few days ago, I would like to make a payment on a debit card which is then transferred to my long life 0% credit card
I have a Halifax Clarity card with a limit of £6,000 and reading here I understand I can money transfer half of this for no fee.
So my plan would be:
Is this correct?
And I have just been on my account online and while I see BT option I don't see the MT option, like I did on say Virgin for instance.
Thanks for any comments.
I have a Halifax Clarity card with a limit of £6,000 and reading here I understand I can money transfer half of this for no fee.
So my plan would be:
- MT the £3,000 (or whatever figure is) to my bank account
- Buy the item using my bank debit card
- Balance transfer from my 0% card onto the Halifax card to shift it onto no interest
Is this correct?
And I have just been on my account online and while I see BT option I don't see the MT option, like I did on say Virgin for instance.
Thanks for any comments.
The above facts belong to everybody; the opinions belong to me; the distinction is yours to draw...
0
Comments
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I don't believe your Clarity Card has a money transfer option.0
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PeacefulWaters wrote: »I don't believe your Clarity Card has a money transfer option.
What, some do and some don't?The above facts belong to everybody; the opinions belong to me; the distinction is yours to draw...0 -
Don't think any Clarity cards have a money transfer option. If they do, they're very rare.
Nothing to stop you withdrawing the cash over the counter, but you'll pay interest on it like any other withdrawal.0 -
Cardinal-Red wrote: »So linked to my other thread from a few days ago, I would like to make a payment on a debit card which is then transferred to my long life 0% credit card
I have a Halifax Clarity card with a limit of £6,000 and reading here I understand I can money transfer half of this for no fee.
So my plan would be:- MT the £3,000 (or whatever figure is) to my bank account
- Buy the item using my bank debit card
- Balance transfer from my 0% card onto the Halifax card to shift it onto no interest
Is this correct?
And I have just been on my account online and while I see BT option I don't see the MT option, like I did on say Virgin for instance.
Thanks for any comments.
The Halifax Clarity is a specialist travel card so it won't have any money transfer options.
Halifax only offer 0% money transfer deals to the majority of their existing credit card holders intermittently - it could be every month, or every 6 months depending on how you run your account, however, Clarity is the exception and not one of those cards they offer it on.
What you need is a separate money transfer card. Or even perhaps, a 0% purchases card.I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0 -
Thanks everybody.
I must be getting confused with another card I've read about on these boards.The above facts belong to everybody; the opinions belong to me; the distinction is yours to draw...0
This discussion has been closed.
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