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halifax clarity credit card - no frills, no fees just straightforward good value plastic
Published: 07/07/2010 |
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Halifax Clarity Credit Card – No Frills, No Fees just straightforward good value plastic Andrew Hagger of Moneynet.co.uk looks at the latest credit card launch from Halifax It’s a refreshing change to see the launch of a good value no nonsense product such as this latest piece of plastic from Halifax. There are no confusing interest free introductory offers for purchases or balance transfers; instead Halifax is aiming for a longer term relationship with customers by offering straightforward good value, particularly for those who like to use their credit card overseas. Typically a £100 cash withdrawal overseas can cost you an almost an additional £6 by the time you take into account a 3% withdrawal fee plus a foreign loading fee of typically between 2.75% and 2.99%. The APR for purchases at 12.9% is well below the market average of 18.4% and the cash rate also at 12.9% is less than half that charged by many high street rivals. Whilst 12.9% is the typical rate, bear in mind that some consumers with a less than perfect credit record may be offered the card at a slightly higher rate of 17.9% or 21.9% APR. This is a back to basics product and likely to prove a big hit with holidaymakers in the coming months providing the opportunity to draw cash overseas without having to shell out a small fortune in costs. It’s also good to see loyal Halifax reward customers being given the opportunity to earn a further £5 bonus per month, simply by spending a minimum of £300 per month on their card. A big thumbs up from Moneynet. ENDS
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