Barclaycard customers face higher minimum payments

Industry News | 25/01/21

Some Barclaycard customers will see their minimum repayments rise from Tuesday, at a time when finances are already stretched owing to Covid and Christmas.

The new requirements are tailored to each customer, although some may see a significant rise in demands.
But the changes will also see charges for exceeding a credit limit scrapped.

Barclaycard signalled the changes to their pricing structures in November, although some borrowers may have missed the notice, which was titled “changes to your terms and conditions”.

Source: BBC