Credit card interest charges

Killester · 23 February 2017 at 12:28AM

Just had a letter from Barclay card stating they got it wrong and have over charged me £559.63 interest on my credit card bill! It's real. Automatically refunded into my account in March.
So a welcome surprise but I want to know over what period of time was this occurring and do I have any claim for additional compensation here for taking money that was not owed?

PeacefulWaters · 23 February 2017 at 5:22AM

I want to know over what period of time was this occurring

Ok. You can ask people here if you like, but I can think of somewhere you have a chance of getting a definitive answer.

and do I have any claim for additional compensation here for taking money that was not owed?

It is likely that they've added 8% to compensate you in addition to refunding you. Feel free to ask them the question.

It's all a bit shoddy from them. Have the told you what rate they were charging you and what rate they should have been charging you?

And have you considered a 0% balance transfer card?

Killester · 23 February 2017 at 7:55PM

I'll certainly ask them when I call! I wanted to see where I stand before I did!
Thanks

boo_star · 24 February 2017 at 11:34PM

I can't see that the interest on what you should have paid vs what you have paid would be particularly great, assuming you are making minimum payments (you won't have a claim if you were paying more than the minimum.)

Credit card interest charges

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