Useful Information?: BarclayCard

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I recently got a letter in the post through from Barclays regarding a change to my T&Cs of my barclaycard.

In it, they stated that they are reversing the way payments are made. Instead of paying of the cheapest stuff first. All payments will now pay of the item with the most interest. Is this industry wide? or is it just barclays? The way i see it it is a massive improvement :)

Comments

  • mjm3346
    mjm3346 Posts: 46,942 Forumite
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    It is industry wide.
  • powerone
    powerone Posts: 184 Forumite
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    this is industry wide. It was annonced some time ago and the banks are now informing everyone. So expect letters from every credit card company that you have.

    I think barclays is one of the last to 'inform' their customers
  • safc118
    safc118 Posts: 138 Forumite
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    have 3 Credit cards

    Barclays
    Sygma
    Capital one

    they were first to inform me still waiting from sygma and cap1:money:
    OP pot £141.92
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