We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Halifax Clarity Card Interest and Cashback

I have a Halifax Reward Current account and Clarity Mastercard. Utilizing their Cashback Extras, I activated their 10% cashback for Harveys Furniture in August as I had seen a sofa that I wanted to buy. As the purchase would be over £1000, I opted to use the credit card to pay for the purchase online on 29th August 2017 and I am due £100 in cashback (I also used Topcashback and I am due another £82 - result!!)

As my statement has now been produced, dated 3 September 2017 it states that my next months estimated interest will be £16.85. Whenever I use the card, I pay it off in full before the statement is produced but I will not be able to do the same this time round.

My question is should I transfer the balance now onto my other card; I have Barclays Freedom Rewards with a minimal balance at 1.9% transfer fee and if so, would I jeopardise my cashback which is due to be paid this month.

As interest is being charged daily, I am quite keen to move the balance but not if it will affect the cashback. I have paid some off already and by the time the payment is due on 28 September, the balance remaining would be £800. If I transfer then, the fee would be £15.20 at 1.9%. I had planned on moving the balance anyway but I did not think about the cashback side of things.

Apologies if I have posted this in wrong place but as it involves my current account and credit card, I was unsure.

Thanks in advance!
HPG1

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.