From July 22, Barclaycard minimum repayments changes may lead customers to pay up to £1,000s more in interest.
Martin Lewis, founder of MoneySavingExpert.com, warns that changes to minimum repayments on Barclaycard could see customers pay up to £1,000s more in interest if they only make the minimum monthly payments. From July 22, Barclaycard will reduce the proportion of debt customers have to repay monthly, which may extend the length of their debt and increase the amount of interest they pay.
April 24, 2024
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