Halifax Clarity Card offers new customers up to £100 in first year

Halifax has launched a new offer on its Clarity Credit card which could see new customers earn up to £100 cashback rewards in their first year.

Customers taking out a new Halifax Clarity card in branch or by telephone between 3 January and 19 February will receive £5 for every full £500 of existing balances they transfer to the card, up to a maximum of £40 cashback. This is in addition to the £5 that qualifying Halifax current account holders can receive every statement month that they spend £300 or more on their Clarity card, earning them up to £60 every year.

The Clarity Card, which offers a rate of 12.9% APR, does not charge any usage fees, which means that unlike some balance transfer deals, customers transferring to Clarity do not incur a fee.

The key features of the Clarity card:

No fee to transfer a balanceNo cash withdrawal feeNo fee to use it anywhere worldwideNo annual fee.Since the launch of the Clarity card, Halifax's innovative approach has saved customers almost £5 million in foreign exchange fees.

Richard Washington, head of Halifax Cards, says, "The Halifax Clarity card really does set the standard for simplicity. It's great news that customers transferring their balance this New Year will not only benefit from our straightforward, no-fees approach but will also receive competitive cash rewards."

Halifax has already announced the launch of its new current account switching initiative. Until 19 February 2012, new customers that visit a Halifax branch to switch their bank account to Halifax will receive £100 on the same day that they open the account and commence the switching process

The new offers mean that customers who move to a Halifax current account and transfer their credit card balance to the Halifax Clarity card could be up to £260 better off in the first year.