Cardholders take New Year opportunity to review finances

A third (32%) of Brits intended to make New Year resolutions and instead of thinking about the traditional 'health' related promise over half (57%) wanted to review their finances, according to research from Halifax credit cards.

For many Brits the start of the year is the best time to get their personal finances in order - transferring debt from more expensive products such as store cards and loans. Halifax evidence suggests that Brits are sticking to their financial resolutions this year, with an uplift in customers applying for a credit card balance transfer.

To help Brits get their finances in shape Halifax credit cards are offering a new online credit card deal. The All-In-One credit card provides 0% for 9 months on both balance transfers and purchases.

The average credit cardholder could save £151:

Halifax research shows that savvy customers sticking to their financial New Years' resolutions could save in excess of £151. According to APACS, the average outstanding balance per credit card holder is £1,856. A cardholder currently on a rate of 17.9% could save £151.37 over a 12 month period

The card features:

0% for 9 months on balance transfers (3% balance transfer fee applies)
0% for 9 months on new purchases
Typical 15.9% APR variable
No annual fee
Cover against online fraud when purchasing on the internet
A choice of five different card colours (Black, White, Pink, Red and Blue)

The card is only available online by visiting halifax.co.uk/creditcards/home.asp

Alan Brindley, Head of Halifax Card Services, comments: "Our own figures show an uplift in the number of people seeking to take advantage of balance transfer deals. We're delighted to see many people are organising their finances after the festive period.

"The online All-in-One credit card deal is a great offer which could save our customers significant sums in interest payments. The card is ideal for customer who would like to reduce the cost of their spending or even reduce the cost of outstanding debt through a balance transfer."