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Barclaycard increases BT fee
urbanfrit
Posts: 262 Forumite
in Credit cards
Had a letter this morning from Barclaycard informing me that from 14/11/05 as well as increasing the APR to 17.9% for purchases and 21.9% for cash and minimum interest increasing to £1 from 50p,Barclaycard will usually charge a handling fee of 2.5% on cash,travellers' cheques,balance transfers or cheques.
This will be an increase from 2% for most customers.
This will be an increase from 2% for most customers.
A greedy man's bag is never full
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Comments
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That's going to hurt people BT'ing "smaller" balances, but did the letter also mention a removal of the current BT fee cap of £50?0
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The cap is not mentioned in the letter so it looks like it is going.YorkshireBoy wrote:That's going to hurt people BT'ing "smaller" balances, but did the letter also mention a removal of the current BT fee cap of £50?
They only let you transfer £5000 at 0% anyway whatever your limit.
A poor card is becoming even poorer for new and existing customers.
When my 0% for 12 months deal comes to an end in March I will ditch them.A greedy man's bag is never full0 -
So, a £5K BT that used to cost £50 @ 2% capped will now cost £125 @ 2.5% uncapped. That's a heck of an increase.urbanfrit wrote:The cap is not mentioned in the letter so it looks like it is going.
They only let you transfer £5000 at 0% anyway whatever your limit.
A poor card is becoming even poorer for new and existing customers.
When my 0% for 12 months deal comes to an end in March I will ditch them.
Even for "smaller" BT's, this card's only redeeming feature is it's 12 month duration.0 -
For anyone of the 'life of balance' 0% deal the higher [£1] minimum interest charge could affect them too for a while as their carried-forward spending balance gets up to around the £80 mark.....under construction.... COVID is a [discontinued] scam0
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Are you on a special type of barclaycard deal?
I only ask as I've done a number of BT deals with them (@6.9% for LTOB) and never paid a fee....so theoretically this would mean a jump of 2.5% for me.2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
Have you checked the website recently? The current "Barclaycard Simplicity" 6.9% card (on BT's and purchases) has a 2% UNCAPPED fee according to the summary box.mountainofdebt wrote:Are you on a special type of barclaycard deal?
I only ask as I've done a number of BT deals with them (@6.9% for LTOB) and never paid a fee....so theoretically this would mean a jump of 2.5% for me.0 -
Not as far as I know.Got the card in March for the 0% for 12 months deal.mountainofdebt wrote:Are you on a special type of barclaycard deal?
I only ask as I've done a number of BT deals with them (@6.9% for LTOB) and never paid a fee....so theoretically this would mean a jump of 2.5% for me.
Got charged 2% which was capped at £50.
My brother has had a Barclaycard for years and has had the same letter.A greedy man's bag is never full0 -
YorkshireBoy wrote:Have you checked the website recently? The current "Barclaycard Simplicity" 6.9% card (on BT's and purchases) has a 2% UNCAPPED fee according to the summary box.
I think I must have the classic card.....that's the only reason I can think of beause I definitely have had no fee applied to any transfers that I've made and they've been at 6.9% (LTOB).....is this the offer that Martin mentions in his article?2014 Target;
To overpay CC by £1,000.
Overpayment to date : £310
2nd Purse Challenge:
£15.88 saved to date0 -
I also received this letter and rang them today. I was put on to the loyalty department and after explaining I wasn't happy I was offered no rate rise on my account and £20 cash credited to my account to make up for the loss of Nectar points,
This wouldn't have happened if I hadn't been aware of this site so once again thank you Martin0
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