Halifax Low-Fee Balance Transfer Credit Card UK, 31 Months Interest-Free, 2.99% Transfer Fee and No Annual Charge
Everything you need to know about Halifax’s low-fee balance transfer card, including 31 months interest-free, a 2.99% transfer fee and genuinely no annual charge, plus practical checks before you apply
Quick overview
The Halifax Low-Fee Balance Transfer Credit Card UK is aimed at people who want to clear existing card debt without paying interest for a long introductory period. It offers 31 months interest-free on balance transfers, a 2.99% transfer fee and genuinely no annual charge, making it one of the more cost-effective options on the market.
This low fee balance transfer card suits UK residents who can commit to paying down balances within the interest-free window. Halifax pairs the product with its online banking and app, so managing the account is straightforward for customers used to digital banking in the UK.
Costs, rates and what to watch
Key figures are simple: 31 months interest-free on balance transfers, typically 9 months interest-free on purchases, a 2.99% balance transfer fee and a representative APR (variable) around 21.9%. The transfer fee is applied to the amount you move over, so always factor that into your repayment plan.
Example: transfer £1,000 and pay a one-off fee of £29.90; spread repayments across the 31 months and you avoid interest charges if cleared before the offer ends. Bear in mind the standard APR will apply after the introductory period, and cash advances attract higher fees and interest immediately.
Applying and managing the card
Applying for the Halifax Low-Fee Balance Transfer Credit Card UK is quick through Halifax’s website or app. Use the eligibility checker first — it runs a soft search so your credit score won’t be hit and gives an indication of likely approval and a potential credit limit.
Once approved, you can manage everything in the Halifax banking app or online. Set up a direct debit to cover at least the minimum payment, track transfers and payments in real time, and avoid making new purchases on a transferred balance to keep interest-free benefits intact.
Who should consider it and final verdict
Pros: long 31 months interest-free on transfers, low 2.99% transfer fee, and no annual charge make this Halifax balance transfer card attractive for consolidation. Cons: the post-introductory APR is relatively high and there are no reward features, so it’s not ideal for everyday spenders seeking cashback or perks.
Overall, the Halifax Low-Fee Balance Transfer Credit Card UK is a strong option if your priority is reducing card debt quickly and cheaply within the 31-month period. Compare with other UK balance transfer offers, check your eligibility and read the full terms before applying to ensure it fits your financial plan.