halifax card advice please

steve222_2

i have a halifax credit card and my introduction end date is 16/04/2008do i start paying intrest from that date or do i have so many days after thatdate ie 56 days ,i cant balance transfer as i have been turned down by virgin and capital one as i on income support and dla the said with me being on benifits i cant get it is that the credit crunch thanks guys

steve222_2

anybody please

michilin27

hi steve,if u dont clear ur balance by your inroductory end date then u will pay interest from that date.

steve222_2

i have abount 500 left on my halifax would i be better going with my own bank first direct, i dont think i would get there gold card,but they have a 2.9% p.a. for balance transfers and purchases for 6 months if you make a balance transfer of a minimum £500 within 2 months of account opening. A Balance Transfer fee of 2.5% (min £2.50) will be charged if your first balance transfer is less than £500 or for second and subsequent transfers to the same card company.my halifax at the end of the introduction end date goes to 21.95% i can get my money down to 200 pounds with the halifax by the 16/04/2008

michilin27

yeah. going with ur own bank then would save you money so credit limit permitting of course!!

nomoneytoday

2.5% + 2.9% APR over 6 months is indeed cheaper than 21.9% APR over 6 months...

steve222_2

would i be better going for the normal credit card with first direct a 2.9% p.a. for balance transfers and purchases for 6 months. somebody mentioned that the gold card is earning abount 10 grand a year i get 5000 as i am on benifitsincome support dla