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  • FIRST POST
    Alex_B
    Barclaycard minimum payment scam
    • #1
    • 16th Jul 08, 11:14 PM
    Barclaycard minimum payment scam 16th Jul 08 at 11:14 PM
    For anyone who has a Barclaycard — particularly one with a zero interest promotional period — be aware that the minimum payment which appears on your statement is rounded down to the nearest pound and by paying off this incorrectly stated amount you will be in breach of Barclaycard's terms & conditions.

    For example, the balance on my card was £1357.99 and the minimum payment was stated as £30.00 (2.25%) but in actual fact £30.55 was due.

    Now that I have breached the terms & conditions all new purchases are charged at their standard rate and every time I pay an amount off my card it only reduces the zero interest balance. So unless I completely pay off the balance the interest will keep on accruing.

    You have been warned.
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