€100 FREE for new Halifax credit card customers

spectre

http://www.halifax.ie/index.jsp?pID=94&nID=106&WT.srch=1

What think ye? If I have a credit card with another institution, will I have to pay €40 stamp duty on this card as well?

sgarvan

you will pay it on the card that you are closing, then you get a letter from your current financial institution that you have paid it for the year, as stamp duty is for the previous year not the coming year.

They have also put up their rates as I have a halifax card at 9.5%, these are 10.9%

Canonfan

Stamp duty for credit card is €30.

Kristok

any idea if i can just open this and have two cc will i have to pay stamp duty on both ?

spectre

I just applied for this, not sure if I have to pay stamp duty on a second credit card. It doesn't matter anyway it's still at least 70 free monies

sgarvan

Kristok wrote: »

any idea if i can just open this and have two cc will i have to pay stamp duty on both ?

yes you will have to pay stamp duty on both

Qwerty?

You will pay €30 on both, unless you close the other one, and get a letter from your old bank saying you had paid the 30, Halifax will then supposedly refund the fee.

i took out this card in March when they had the same offer. Just one point to note - Halifax Credit Card Online Banking is non existant... I had planned to close by BOI CC, but am holding off on that until Halifax get this sorted.

Still up €70, and herself the same so easy €140 profit

Davy

Qwerty? wrote: »

Just one point to note - Halifax Credit Card Online Banking is non existant... I had planned to close by BOI CC, but am holding off on that until Halifax get this sorted.

Still up €70, and herself the same so easy €140 profit

Will be ready next month afaik

Random

Can you take the card, spend the €100 and cancel the card ?

Davy

random wrote: »

Can you take the card, spend the €100 and cancel the card ?

yes, govt duty will apply ofcourse where due

sgarvan

If you a looking for a cheaper card in the long run, AIB Click mya be worth looking at.

You dont get the €100 but it is 8.5% APR

http://www.aib.ie/servlet/ContentServer?pagename=ROIPersonalPortal/AIBContent_C/pp_service&c=AIBContent_C&cid=1177400418181&channel=P004

subway

they pay the 100 after your first purchase,
as the stamp duty goes on your card, does it count as a purchase?

if i got this, bought my self something for 70eu and cleared the stamp duty would i be able to just close the card?

Davy

subway wrote: »

they pay the 100 after your first purchase,
as the stamp duty goes on your card, does it count as a purchase?

if i got this, bought my self something for 70eu and cleared the stamp duty would i be able to just close the card?

YES

jimmycrackcorm

As an alternative you can get 6 months free interest on balance transfers which can be worth way more than £100. Plus if you are cancelling another card you don't have to pay the stamp duty the second time.

leuler

You have to give an awful lot of information.
I don't remember giving that much when I got my cc years ago.

This has mortgage amount, outstanding, salary, all sorts.

Is this normal now. Maybe I didn't notice when I first got mine as I had nothing really to declare then.

wingnut

Last time I applied these guys wouldn't give me a credit card, despite the fact I'm earning in excess of €40k a year and have a PTSB credit card for 7 years. When I rang they just said I didn't score enough points and no further information. Did it happen anyone else?

1408

Ive applied for this card this past Wed night so Im just waiting to see if another account pops up on my Internet banking screen. Im assuming that if nothing happens at all within a week then I might as well forget it. The company is based in Louth and so far no one from there has phoned me thus far to ask about any details on my application. The last time I applyed for an Overdraft they approved me, but the time before they didnt, I think it just depends on how long you've been with the company. I have a current account with them so that could be a bonus.

Qwerty? wrote: »

You will pay €30 on both, unless you close the other one, and get a letter from your old bank saying you had paid the 30, Halifax will then supposedly refund the fee.

I dunno man that sounds too good of them to me

Davy

1408 wrote: »

Ive applied for this card this past Wed night so Im just waiting to see if another account pops up on my Internet banking screen. Im assuming that if nothing happens at all within a week then I might as well forget it. The company is based in Louth and so far no one from there has phoned me thus far to ask about any details on my application. The last time I applyed for an Overdraft they approved me, but the time before they didnt, I think it just depends on how long you've been with the company. I have a current account with them so that could be a bonus.



I dunno man that sounds too good of them to me

Thats how it is done, once you close one account your ok, you pay for one account for the 12 month period.

Skyuser

I got my first Halifax CC Bill and it said in the corner that the €100 refund would appear in the next bill.

Spipov

i opened a current account with them in december, at the same time i opened a saver and a credit card account.current and savings opened no problem, the credit card account was refused, i didnt score enough points, even though i earn >40k and have an aib card for 7 years.

will try again.

i just applied to tesco credit card, accepted, had to send my bank statements etc, now been waiting for 10 days and no sign of them

Darando

Anyone know what he "scoring" system is?

snowdaze

I have the card from Halifax and they credited the €100 to my account when they had the first payment from me as promised. I understand that to be able to view your account online you must also have a current a/c with them....was thinking of opening one just so I can view credit card transactions...anyone else do this? is their banking site good?

Davy

snowdaze wrote: »

I have the card from Halifax and they credited the €100 to my account when they had the first payment from me as promised. I understand that to be able to view your account online you must also have a current a/c with them....was thinking of opening one just so I can view credit card transactions...anyone else do this? is their banking site good?

Transactions from credit cards cant be view online with or without a current ac. They are working on this at the minute i believe and will be up and running from next month. Has been been covered on boards before.

IamBeowulf

Darando wrote: »

Anyone know what he "scoring" system is?

Scoring could be:

Their internal scoring system, whereby they input your personal and financial details into their application software, which in turn produces a score (which, if below a certain threshold, means they must decline)...

OR

The credit scoring, where they refer to your credit rating and if you have too many debts/unpaids/etc then you don't meet criteria and you're declined...

OR both.

snowdaze

davton wrote: »

Transactions from credit cards cant be view online with or without a current ac. They are working on this at the minute i believe and will be up and running from next month. Has been been covered on boards before.

thanks:)

alantc

Halifax also have a Visa debit card. Would the stamp duty apply to this? Combine it with an overdraft and you have a credit card but only one account to look after.

bk

alantc wrote: »

Halifax also have a Visa debit card. Would the stamp duty apply to this? Combine it with an overdraft and you have a credit card but only one account to look after.

Stamp duty does apply to these cards, but it is €20 (€10 for the ATM portion of the card and €10 for the Debit portion of the card).

I don't see what the big deal is with setting up accounts, they are relatively easy to setup and manage.

BTW Halifax current account has no bank charges and if you deposit €1500 per month you'll get 10% interest on up to €2000, that will give you €160 per year after DIRT.

spectre

bk wrote: »

BTW Halifax current account has no bank charges and if you deposit €1500 per month you'll get 10% interest on up to €2000, that will give you €160 per year after DIRT.

The offer is worth considerably less if its per month as you say. I was under the impression that they would pay 10% on a maximum of €2000 sum per month.

MarkR

davton wrote: »

Transactions from credit cards cant be view online with or without a current ac. They are working on this at the minute i believe and will be up and running from next month. Has been been covered on boards before.

I canceled my credit card after the first month because of this. If it's coming back I might return, especially as I've already paid my stamp duty!

bk

spectre wrote: »

The offer is worth considerably less if its per month as you say. I was under the impression that they would pay 10% on a maximum of €2000 sum per month.

Basically you put €2000 in the first month and leave it in for the rest of the year, you then need to put another €1500 per month in, but you can take this out again at any time, basically you just need to get your wages paid into it on a monthly basis and then you can spend/withdraw the wages as you want. You will continue to gain the 10% on the €2000 if you leave it in there.

The interest is paid monthly, but of course the 10% is per annum, so you end up getting about €16 interest per month. You didn't think you were going to get €200 per month did you?!!

10% per annum is still the best interest rate you can get on €2000 from any bank in Ireland by a long shot.

spectre

bk wrote:

didn't think you were going to get €200 per month did you?!!

Of course not. I was under the impression that I could lodge 2k every month, so I'd get 16 the first month, double the second month and so on...
And after a year, the account would've yielded 1250 in interest.

You are probably right though, I thought it was a bit too good to be true. The ad could be a bit clearer though

bk

spectre wrote: »

Of course not. I was under the impression that I could lodge 2k every month, so I'd get 16 the first month, double the second month and so on...
And after a year, the account would've yielded 1250 in interest.

You are probably right though, I thought it was a bit too good to be true. The ad could be a bit clearer though

Ah, afraid not, wish it was like that. It is a current account after all, not a savings account. Your not supposed to keep a lot of money in a current account, just what you need for monthly expenses.

What you are looking for is something like the First Active regular savings account, which gives you 7.15% and you can lodge a maximum of €1000 per month http://www.firstactive.ie/savings/rsa/index.aspx

1408

This banking talk confuses me, but Ill tell you one thing, so far no word back from Halifax whatsoever after my application last Wed. No letter, no phone call, no contact at all. Dunno whether thats good OR bad.

mickoneill30

1408 wrote: »

This banking talk confuses me, but Ill tell you one thing, so far no word back from Halifax whatsoever after my application last Wed. No letter, no phone call, no contact at all. Dunno whether thats good OR bad.

They're not quick. I was waiting a few weeks for my savings account. I went into my nearest branch and they had it sorted in 10 minutes.

mathie

So I availed of the Halifax card to get the 100 euro and I got the card and ring up my current provider (BOI) to cancel my card.
They ask why.
I tell them. 100 euro for free.
They ask if there's anything they can do - maybe offer me 0% interest for 6 months.
I say I always pay 100% off my card so that's no use to me.
They ask if they can match the 100 euro.
So I say yes.
Now to get the 100 and cancel tomorrow

Anyone had similar stories?
M

Davy

mathie wrote: »

So I availed of the Halifax card to get the 100 euro and I got the card and ring up my current provider (BOI) to cancel my card.
They ask why.
I tell them. 100 euro for free.
They ask if there's anything they can do - maybe offer me 0% interest for 6 months.
I say I always pay 100% off my card so that's no use to me.
They ask if they can match the 100 euro.
So I say yes.
Now to get the 100 and cancel tomorrow

Anyone had similar stories?
M

You will be liable for the stamp duty now, because you wont have a letter of closure to give to Halifax. Least its only €30 now and not €40. You wouldn't have to paid the duty if you didnt use the card, but you will have too, to spend the money