Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Halifax Money Transfer help
gregarious
Posts: 7 Forumite
in Credit cards
Dear forum
I have a large overdraft on my current account and the Halifax have increased their OD interest rates to 1p on every £7. I am considering using a money transfer from my current Halifax credit card to remove the balance.
Would anyone know if when the 36 month term ends, if I haven't managed to pay off the balance can I transfer the balance to a new 0% credit card or will I have to continue with the initial card until the balance is paid off in full?
I intend to pay it in full but am not certain I will be able to do so? I currently have money on the credit card from a previous balance transfer and will look for a new credit card transfer when the 0% term ends.
Thanks.
I have a large overdraft on my current account and the Halifax have increased their OD interest rates to 1p on every £7. I am considering using a money transfer from my current Halifax credit card to remove the balance.
Would anyone know if when the 36 month term ends, if I haven't managed to pay off the balance can I transfer the balance to a new 0% credit card or will I have to continue with the initial card until the balance is paid off in full?
I intend to pay it in full but am not certain I will be able to do so? I currently have money on the credit card from a previous balance transfer and will look for a new credit card transfer when the 0% term ends.
Thanks.
0
Comments
-
Of course, but only if you're able to get another card.0
-
Yes there is nothing stopping you moving the balance to another card. You would tho need to be eligible for another card with someone else that's not part of the Lloyds banking group.0
-
Impossible to say if you would be able to get a new 0% card in 3 years time. Assuming you dont damage your credit file during this time then no reason why not.0
-
-
Do t you need a money transfer card in itself. I have Halifax credit card but haven’t seen you can do money transfer on the cardMortgage free wannabe
Actual mortgage stating amount £75,150
Starting balance £66,565.45
Current balance £53,769
Cc 1k at 0 percent0 -
Do t you need a money transfer card in itself. I have Halifax credit card but haven’t seen you can do money transfer on the card
They send out offers to existing credit card customers - as do Lloyds.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 -
-
Yes, they have now introduced money transfer offers.0
-
Weybridge78 wrote: »Yes, they have now introduced money transfer offers.
It's not a new thing, they've been offering them to existing customers since at least 2012 when I took out a card with them.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards