Barclaycard Announces Changes to Minimum Repayment Policy
Friday, 26 April 2024, 06:00
Barclaycard Minimum Repayment Changes
Credit card holders who make minimum repayments warned they could be in debt for years longer.
Impact on Customers
- Extended Debt Repayment: Some Barclaycard customers could take an extra decade to clear their debt.
- Increased Interest Payments: Customers may pay hundreds of pounds in extra interest due to the policy change.
Barclaycard has communicated the reduction in minimum payments as providing customers with 'more flexibility'.
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