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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
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Of course, but only if you're able to get another card.0
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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
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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
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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
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £56099
Cc around £32000 -
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 -
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Yes, they have now introduced money transfer offers.0
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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
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