Recently the Halifax has announced a bonus interest free offer on its Halifax All in One credit card, which could provide benefits to both existing as well as new customers. The additional bonus month of 0% interest will apply to both purchases and balance transfers, taking the interest free period on the card to eleven months from its current term of ten months. However, customers do not have long to act, as the offer will expire on 21st of this month.

One official from the bank said: “We’re delighted to offer this exclusive All-in-One credit card deal to our new and existing current account customers. It’s a fantastic offer which could save our customers hundreds of pounds in interest payments.”

He went on to state: “Whether you would like to reduce the cost of your spending, reduce the cost of outstanding debt through a balance transfer, or both, with this 0% for 11 months offer the Halifax Exclusive All-in-One card is ideal.”

Another industry official said that consumers need to be careful and ensure that they use the card either for balance transfers or for purchases rather than for both.

He said: “The all-in-one credit card offers an APR of 15.9% typical variable, and with the new bonus in place you’ll also receive 11 months 0% on purchases and 0% on balance transfers. By offering 0% on both balance transfers and purchases, the cardholder is encouraged to spend at will. This is a bad decision for anyone already in need of a balance transfer card, so try to use the card for either the purpose of transferring a balance, or the purpose of receiving 0% interest on purchases.”