Barclaycard to hike minimal funds in main bank card shake-up

Replace 25 January 2021: This story was first written in November however the data has right this moment been up to date. The modifications defined kick in on Tuesday 26 January 2021.   

Barclaycard’s new phrases and circumstances kick in from 26 January 2021, with a raft of modifications to what you pay when utilizing your bank card. They apply to its Ahead, Platinum, Cashback, Freedom (previously Preliminary and Littlewoods), Hilton Honors and Barclaycard Rewards playing cards – although not the Premier, Barclays Infinite and Woolwich playing cards. 

Crucially, it is altering the way in which it calculates prospects’ minimal funds, ie, the bottom quantity you’ll be able to repay in your card every month. Barclaycard will not say what number of prospects will see their minimal funds enhance, or what the everyday hike might be, however we have seen some prospects warned their funds might rise as much as 50%. It says nobody will see minimal funds drop as a result of modifications. 

We have full data under on precisely what’s altering, and what you are able to do about it. See our Credit score Playing cards guides for extra assist and our present prime picks for 0% spending, stability transfers, rewards and rebuilding your credit score rating.

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