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Halifax launches ‘great all-round’ credit card

New Reward Clarity MasterCard offers £5 cashback

Halifax logo

Halifax has launched its new Rewards Clarity MasterCard, which offers £5 cashback if you spend £300 a month, as well as 0% foreign loading for use abroad.

The Reward Clarity MasterCard is only available for existing current account holders who receive £1,000 into their account each month or hold the Ultimate Reward Current Account. If you’re a qualifying current account holder and you spend at least £300 on the Reward Clarity card within each statement period, you’ll receive a £5 cashback reward the next month, equal to up to 1.66% cashback. If you spend a lot more than £500 a month and you are looking for a credit card solely for cashback then you may be better off with a cashback card from Amex, Capital One or Egg Money as these will pay a standard cashback rate on all spend each month.

Non customers

Non-Halifax customers can still apply for the Clarity Mastercard offering exactly the same deal but without the cashback. This card still offers great all-round value, including a standard 12.9% typical APR on purchases, balance transfers and cash withdrawals, as well as no foreign loading fee for use abroad, excellent for customers who are looking for a credit card to take overseas. The card also charges no fee for withdrawing cash but does charge interest from the day of withdrawal.

A great all-round credit card

Which? credit card expert Martyn Saville commented: ‘The new Halifax card doesn’t have the lowest interest rate on the market and it doesn’t come with a headline-grabbing 0% deal on purchases or balance transfers. What it does have, however, is a refreshing simplicity and fewer pitfalls than rival cards.

‘If you’re happy to carry one card for purchases, one for your 0% balance transfers and one to use abroad, this card can easily be beaten by other credit cards on the market. However, if you’re looking for a single card that charges you the same rate on purchases, overseas spending and even cash withdrawals, all without sneaky fees and charges, this could be an excellent card for you.

‘And the fact that Halifax still operates a detrimental negative order of payments on its credit cards doesn’t really matter with this card as everything is charged at the same rate.’ 

The one real downside to the card is Halifax’s shockingly low customer satisfaction score of just 54%, compared with the excellent 88% rating achieved by John Lewis/Waitrose.

Which? Best Rate credit cards

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a cashback card, a card offering 0% on purchases or the longest 0% deal on balance transfers.

And check out Which? Recommended Providers to find out which credit companies offer the best customer service without hitting you in the pocket.

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