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Friday 29th of October 2010

News Tag: balance transfers

July 8, 2010

Halifax Clarity transparent but expensive

by David Masters
Halifax Clarity is transparent but expensive
Financial pundits have praised Halifax's new Clarity credit card for its simplicity, but warned it may not be the best deal for customers looking to borrow money long term. Moneynet.co.uk welcomed the Clarity's easy to understand fees, with no complex introductory offer and just one rate of interest for purchases, balance transfers and cash withdrawals. "It's a refreshing change to see the launch ...



June 9, 2010

Balance transfers the cheapest way to pay off credit cards

by David Masters
Balance transfers the cheapest way to pay off credit cards
Transferring your credit card balance to a new card with a 0% rate on balance transfers is a much cheaper way to pay off debt, even when balance transfer fees are taken into account, a financial expert has claimed. Andrew Hagger of Moneynet.co.uk said the typical 3% one-off fee for balance transfers is significantly less than the interest ...



Balance transfers the cheapest way to pay off credit cards

by David Masters
Balance transfers the cheapest way to pay off credit cards
Transferring your credit card balance to a new card with a 0% rate on balance transfers is a much cheaper way to pay off debt, even when balance transfer fees are taken into account, a financial expert has claimed. Andrew Hagger of Moneynet.co.uk said the typical 3% one-off fee for balance transfers is significantly less than the interest ...



May 27, 2009

Credit crunch fails to dampen 0% credit

by David Masters
”Credit
Good deals on personal credit continue despite the credit crunch, research by Defaqto has discovered. Although personal loan rates remain high, with the best interest rates available at around 8%, credit with 0% interest is available on overdrafts and credit cards. Seven in ten (69%) credit cards offer a 0% introductory interest rate on balance transfers for an average of 9.7 months. Virgin's ...



May 12, 2009

Abbey relaunches ‘fee-free’ Zero credit card

by David Masters
Abbey relaunches 'fee-free' Zero credit card
Abbey yesterday relaunched its Zero credit card, providing fee-free currency exchange and cash advances. The card is the only one currently available that offers these services for no fee. In addition, the Abbey Zero offers 0% interest on balance transfers for 12 months, and on purchases for three months. Roger Lovering, managing director of Abbey Credit Cards, said the Zero "really is the ultimate ...



February 25, 2009

Halifax unveils 3% fixed-rate ISA

by David Masters
Halifax unveils 3% fixed-rate ISA
Halifax this week launched the ISA Direct Reward, a new individual savings account with interest guaranteed at 3.00% AER/Gross for the first 12 months. The ISA requires a minimum deposit of £1,000, which must be maintained throughout the 12 month period. Unlimited deposits up to the £3,600 tax-free allowance are allowed, but withdrawals are limited to four in the first year. Customers can open the ...



January 21, 2009

Halifax launches 0% credit card

by David Masters
Halifax launches 0% credit card
Halifax this week launched a new online credit card for customers looking to consolidate their debts for the year ahead. Research by the bank found that January is a popular month for customers to request credit card balance transfers as they consolidate their Christmas debts. January is also a time that many people take stock of their financial situation. Over half (57%) of ...