Barclaycard rate increase

corgiman

Have had a barclaycard for about 4 years now it has never had any default fees paid has always had more than minimum payments made and at most 65% of the credit limit used ie £6600 limit highest balance around £4000 .
Balance at moment £ 3200 always pay more than minimum but balance never cleared .
My question is Barclaycard recently wrote and raised the intrest rate from 14.9% to 18.9% with the option of closing the account and repaying the outstanding balance at the old rate this is what what done .Please could anyone say what impact if any does this have on your credit files.

cifpower

It does not affect your file. The account will be closed and when everything is paid back it will be marked as settled on your file.

LeeSouthEast

Barclaycard operate a "rate for risk" policy. Has anything changed on your file lately that might have made Barclaycard twitchy? Or else it's just bad luck. Write and ask them to reconsider.. you might be surprised.