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Halifax increases its 0% balance transfer offerings with 25 and 41 month deals

24 August 2016

Matt Sanders, head of money at, comments on the Halifax 25 month fee-free balance transfer card and 41 month with 3.5% fee.

Halifax have launched two new 0% balance transfer credit cards with a 25 month fee-free and 41 month card with a fee of 3.5%.

Matt Sanders, head of money at, commented: “Just last month Halifax released a 24 month fee-free balance transfer card, joining then market leader AA at the top of the best buy tables.

“This latest offering goes one step further, ousting Tesco to top the best buy tables in fee-free 0% balance transfer cards.

“In recent years credit card providers have competed for the longest interest free balance transfer period, with Halifax being one of the main contenders. But fee-free cards with shorter periods appear to be the latest tactic to entice new customers.

“Halifax’s 41 month offering also matches Virgin for the longest interest free period on the market. But with a balance transfer fee of 3.5% compared to Virgin’s 4%, Halifax just pips it to the post.

 “Competition in the balance transfer market has become fiercely competitive, just a few years ago no one would have predicted cards with an interest free period of over 40 months. found that the longest 0% balance transfer period available to customers in 2012 was 22 months*, this means that periods have almost doubled in just four years.

“With the recent decision by The Bank of England to cut interest rates making it even cheaper to borrow money, don’t expect competition to slow down anytime soon."

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Notes to editors:

*Source: Defaqto matrix, instant and unbiased market and competitor intelligence, from independent financial researcher Defaqto. Correct as of 24/08/16