Barclaycard statement question

Wormwood_Scrubs

Hello, first time posting.

I have recently received my first credit card and just over a week ago I purchased something for £24.99.

I then returned it for a refund a few days later, during which I received my first paper statement saying balance £25.19 (20p for payment protection) and £5 minimum payment for August 14th.

I checked my barclaycard account online a few days later and my balance is now 20p with no minimum payment required for August 14th. So obviously the refund was now complete.

Now as stupid as it sounds, I just wanted to double check that I do not have to pay anything back on the statement, or should I pay the £25.19 and follow my paper statement??

Thanks in advance

cooldudecol

You shouldn't need to pay anything, as the refund would count towards your £5 minimum payment.

But you could always phone Barclaycard to double check.

jonesMUFCforever

Do you really need payment protection for small amounts owing like this?

Wormwood_Scrubs

thanks cooldudecol.

the payment protection automatically comes off 79p for every hundred i spend. its fine by me incase i ever become redundant etc. plus i will be using the card to hire a car in the usa soon and other purchases.

schiff

Scrubs

Wrong card for hiring a car in the USA - with respect. It will cost you 2.75% more than some others eg Nationwide BS.

jonesMUFCforever

You are paying through the nose for this 'insurance'.
Look at getting income protection policy.

Astaroth

Just to clarify... a refund does not count as a payment towards your minimum payment - been too many threads on here with people getting charges as they thought it diid.

In the OPs case however as it reduces the balance to effectively zero then there should be no minimum to pay - though confirming that by phone or by making a screen print from online where it states no payment required would be sensible