Halifax launches Clarity card with holidaymakers in mind
by Gill Montia
Halifax has launched the Halifax Clarity card, which aims to cut the cost of travel money for holidaymakers.
The card comes with no foreign exchange fees on transactions including all purchases and cash withdrawals abroad.
According to the lender, over 30 million Britons still change sterling for their currency of destination in advance of travelling, with over half believing this to be the most convenient form of payment on holiday, and almost 40% believing it to be the most secure.
However, spending on debit and credit cards whilst abroad is on the rise with consumers appreciating the benefits, such as the ability to access funds to cover unexpected expenses.
Halifax Credit Cards spokesman, Mark Powys, comments: “Our research shows that three quarters of holidaymakers would be more likely to use a credit card abroad if they knew they wouldn’t incur any fees.”
He adds: “The Halifax Clarity card is the best value option for customers planning their holiday budget, and with no cash fees and a single low rate however you use the card it’s a winner at home too.”
The new offering comes with a rate of 12.9% APR for all transactions including cash withdrawals and offers £5 monthly cashback for qualifying current account customers, when they spend £300 or more on the card in each statement period.