Barclays increase in interest rate

annamarielouise · 26 February 2010 at 5:12PM

Hi
I have a Additions account with Barclays and I've just received a letter to say they're increasing the interest rate on my overdraft from 14.9% to 18.9%!!! I'm sure I've read somewhere that I can 'decline' this, is that right?
Trying really hard to get my outgoings down and they aren't helping!

Thanks
Anna-Marie

onlypaddy · 26 February 2010 at 5:13PM

i think that only relates to credit cards. how has your behaviour with the overdraft been? regularly making payments/never over limit?

Inactive · 27 February 2010 at 12:50AM

I think that you can " decline " it by paying off your overdraft in full.

book12 · 27 February 2010 at 8:42AM

They are increasing interest rates for all types of Barclays accounts.

http://www.moneysavingexpert.com/news/banking/2010/02/dump-barclays-fee-paying-accounts-as-they-become-even-more-costly

You can't decline this. All customers are affected.

Barclays increase in interest rate

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