Barclaycard customers face higher minimum payments

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The changes affecting some customers take effect as finances are squeezed by Covid and Christmas.

This means some people could see the minimum repayment rise, although some other charges - such as the late payment fee - will be limited.'Nasty shock'

"January is always the tightest month for money for most people. December pay is often early, so the money has to stretch further, and if you put any Christmas presents or expenses on your Barclaycard, this month's bill will be high anyway," she said. Any borrowers who feel the new repayment levels are unaffordable are being asked to contact the company.

 

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It's not just Barclays. Other companies doing the same, but if you have a plan to repay, as I do, it would completely mess that up.

first month after Christmas people just keep spending at christmas then cry at the end of jan

Tesco have just informed they are doing the same and you have a choice except the increase or cancel your card and pay off bill at old rate.

Those recommending or supporting lockdowns - This is on YOU!

Not news. Barclaycard customers were told about this 2 months ago. By Barclaycard. Next!

DON'T BELIEVE the NEGATIVE BITCOIN news that has been coming out! 🙉🙈 The Biden administration looks to be BITCOIN FRIENDLY in the stock exchange. Huge investment companies are manipulating the news to keep the prices low till they can invest; ie Guggenheim, Blackrock, Valkyrie!

But considerably shorter repayment periods / less persistent debt.

They will also FFFF up your Credit

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