Advice please :-)

Matt_west

I am currently in a position where I have £5700 on a barclaycard credit card. I am paying pack around £300 each month and they seem to be adding on around £95 of interest each month. I am a complete novice when it comes to credit cards but am trying to get the right advice so I can start paying this back quickly.
What would you recommend I do?

Thanks in advance

[Deleted User]

Get a BT offer on another card if you can, so you can transfer the balance and pay less interest.

Failing that, pay as much as you can each month towards it.

Quimoi

..and/or ring Barclaycard and ask them to reduce the interest rate for the existing balance.

A while ago they reduced mine to 9.9% (from 26.9%) for two years. No idea whether that is common or not but only took one phone call.

Edit: They didn't class it as an arrangement to pay, just a promotional offer.

Paully232000

I would first try to get another card with a long BT/low fee offer. There are plenty out there if you look.
Failing being able to get another card do as above says and phone barclays and/or throw every spare penny you have at it to get the balance down quicker.