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  • FIRST POST
    • mostlygrumpy
    • By mostlygrumpy 7th Feb 18, 9:16 PM
    • 7Posts
    • 6Thanks
    mostlygrumpy
    Barclaycard PPI Calculation
    • #1
    • 7th Feb 18, 9:16 PM
    Barclaycard PPI Calculation 7th Feb 18 at 9:16 PM
    Hi,
    I had 2 cards MasterCard and Visa with Barclaycard. PPI on MasterCard from 1990 to 2000 and on Visa from 1990 to 2004. The limit ion the Visa was 2.5 x higher than on MasterCard (both were st limit most of the time). MasterCard was upheld and letter explained they gave me the ‘average’ people with comparable policies for the same amount of time had received. I have heard today that the Visa Complaint has been upheld but they wouldn’t tell me redress amount as it was still being checked. However the lady said it was about the same again. My question is will the redress have any relation to the balance? I.e. does ‘comparable policy mean a policy with same credit limit? ThNks in advance to anyone who has knowledge/experiences of this.
Page 1
    • zx81
    • By zx81 7th Feb 18, 9:18 PM
    • 15,448 Posts
    • 16,367 Thanks
    zx81
    • #2
    • 7th Feb 18, 9:18 PM
    • #2
    • 7th Feb 18, 9:18 PM
    It's based on balance, not limit.
    • mostlygrumpy
    • By mostlygrumpy 7th Feb 18, 9:26 PM
    • 7 Posts
    • 6 Thanks
    mostlygrumpy
    • #3
    • 7th Feb 18, 9:26 PM
    • #3
    • 7th Feb 18, 9:26 PM
    Thank you Sir, the letter I had for the MasterCard said the were missing information and so gave an average of similar policies. I would imagine they would have some balance information. The balance on Visa was always twice that on MasterCard. I!!!8217;m just curious as to whether the amount I get will be the same as for the MasterCard regardless of balance as they were held for the sane time.
    • Moneyineptitude
    • By Moneyineptitude 7th Feb 18, 11:02 PM
    • 19,419 Posts
    • 10,533 Thanks
    Moneyineptitude
    • #4
    • 7th Feb 18, 11:02 PM
    • #4
    • 7th Feb 18, 11:02 PM
    just curious as to whether the amount I get will be the same as for the MasterCard regardless of balance as they were held for the sane time.
    Originally posted by mostlygrumpy
    The amount you will get will be only the amount you likely paid (plus interest)
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