New Halifax Clarity credit card 'may not be the best option'

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www.moneynews.co.uk > Credit cards > New Halifax Clarity credit card 'may not be the best option'

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New Halifax Clarity credit card 'may not be the best option'

Comparison site moneysupermarket.com has praised the new Halifax Clarity credit card, but suggested it may not be the right product for everyone.

Kevin Mountford, head of banking and credit cards at the company, described the account as a "transparent offering" in a market of financial tools that are often frustratingly complex.

He said: "This is an attractive offering from Halifax and is further evidence of the increased innovation, and subsequent customer choice, in the credit card market of late."

However, Mr Mountford stressed that customers who intend to leave a balance on their card may be better off with a different account, since the Halifax Clarity credit card charges 12.9 per cent interest.

In his view, this type of consumer may be better off with the Virgin 12/12.

Meanwhile, Moneynet.co.uk spokesperson lauded the Halifax Clarity credit card for its simplicity and claimed it offered a "refreshing change" for consumers looking for a new account.

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