Halifax (perhaps the name doesn’t need any new mentions), used as brand for Bank of Scotland branches in England, Wales and Northern Ireland, has brought to the fore a novel credit card and as per the bank, it has lots of potential to exert a pull on holidaymakers on the lookout for single trip insurance to cover their holiday this summer.

In accordance with terms of the building society\'s new Clarity card, any client’s existing account will not invite any cash withdrawal or transaction fees when on the earth the card is used overseas, which Halifax plans to reduce costs for standard jetsetters and people heading off for a seasonal break.

As indicated by research conducted by the financier, in excess of 30 million British people who go on holiday are still changing their currency when on earth they arrive at their destination. What is more, above half of them do consider cash as the easiest and most expedient method of paying for goods while abroad. Nevertheless, Halifax also found that expenditure on credit cards while away is also going up, with there being a five per cent increase in the usage of this method over the last ten years. In the meantime, as per a recent study by Santander - published on July 3rd, premiums for foreign getaways ascend by up to 85 per cent during the school holiday period in July and August.

Halifax happens to be a trading name of HBOS, itself a subsidiary of Lloyds Banking Group. In the United Kingdom, the Halifax is used as brand for Bank of Scotland branches in England, Wales and Northern Ireland and for savings and mortgages in Scotland. Halifax is the UK\'s largest provider of residential mortgages and saving accounts.