Recent Personal Finance Articles

Halifax Clarity MasterCard: No FX Fees

The Halifax Clarity Credit Card is a travel credit card that can be used while abroad, as it charges no usage fees for non-Sterling purchases or cash withdrawals (at home and abroad). The Halifax Clarity's cash interest rate is lower-than-average at 18.9% variable APR.

Halifax Clarity Credit Card Features

  • No cash transaction fee
  • No non-sterling transaction fee
  • 0% fee on balance transfers, but no interest-free period on balance transfers
  • Eligibility checker
  • 18.9% APR (or 21.9% or 25.9%, variable)

Pros...

  • No cash withdrawal fees
  • No foreign transaction fees
  • No annual fee

Cons...

  • No 0% interest period on balance transfers
  • No grace period on cash withdrawals

Halifax Clarity Credit Card Review

The Halifax Clarity Credit Card is a credit card for travel use, charging no fees for non-Sterling cash withdrawals and transactions made abroad. (Some ATM providers may charge a fee to use their machine, however. You should be alerted to any such charge on the ATM screen before you proceed with an ATM withdrawal.)

As cash withdrawals start accruing interest charges immediately—that is, there is no grace period—we recommend going online as soon as possible after a cash advance to pay off your full balance. The Halifax Clarity card charges the same rate for cash withdrawals and purchases: 18.9% APR, variable.

A chart comparing the interest rates on cash withdrawals for the best UK no-foreign-transaction-fee travel credit cards
Interest Rates on Cash Withdrawals across Travel Cards

Why You Should Pay Back Cash Withdrawals ASAP

Cash withdrawals are treated differently than purchases, when it comes to interest charges. While purchases are given a grace period (that is, you won't pay any interest if you pay off in full before your next due date), cash withdrawals accumulate interest from the day you withdraw the cash until the day you pay off the cash balance. To give you an idea of these potential charges, the table below shows what you interest you'd pay on cash withdrawals of £100, £500 and £1,000, when you pay 30 and 60 days after the original withdrawal (assuming an 18.9% APR).

Estimated Interest Charges on Cash Withdrawals


Cash Withdrawal Amount
Outstanding 1 MonthOutstanding 2 MonthsOutstanding 3 Months
£100£1.46£2.93£4.45
£500£7.28£14.67£22.27
£1,000£14.56£29.33£44.53

Pay in Local Currency or Pounds When Abroad?

As with all travel transactions, we recommend paying for purchases in the local currency. You’ll almost always get a better exchange rate if the credit card does the conversion, as opposed to the shop where you’re making a purchase—and if you "pay in pounds" when abroad, it is the local shop which does the conversion. The Halifax card is a Mastercard, which is known to give consumers some of the best exchange rates, so always opt to pay in the local currency.

The Halifax Clarity Credit Card is open to balance transfers but the fees are higher than average. You are likely to find a lower fee on a Balance Transfer-specific credit card.

Bottom Line: The Halifax Clarity Credit Card is a travel card for both cash withdrawals and purchases made abroad, with a lower-than-average cash APR. Since there is no grace period on cash withdrawals (i.e., interest charges start accruing immediately), pay off your full balance as soon as possible to limit interest charges.