Barclays Credit Card

TomB_88

I have a £3,500 credit card limit with barclays that i took out to get married.
I have just taken a pay cut at work and i am struggling to keep up the payments with interest of around £90 a month.

Can anyone give me advice on how to lower the payments?

cheers,
Tom

jondavis30

Switch the balance to a 0% credit card balance transfer such as virgin (try and find a long 0% switch period, but don't sacrifice a longer period of time on 0% with higher transfer fees.

ET51

TomB_88 wrote: »

I have a £3,500 credit card limit with barclays that i took out to get married.
I have just taken a pay cut at work and i am struggling to keep up the payments with interest of around £90 a month.

Can anyone give me advice on how to lower the payments?

cheers,
Tom

Give your card provider a call if you are struggling to keep up the repayments.

You don't say how much you owe, but even if you've maxed the card out, £90 a month is a high interest rate for most Barclaycards - it works out over 30% APR!!! :eek:

(I think only their Initial card aimed at those with bad credit have such a rate, but then you probably wouldn't have a £3.5k limit.

Barclaycard typically charge 18.9% to 21.9% APR, and some cards are typically even less. (all rates subject to status)

I'm sure they could do something for you.

leeroy2009

long balance transfer card, or ring them and ask them if they can lower the apr of your card, they can and will do this, but you need a certain department that can do it, and they are based in the uk.

chanz4

can your wife help you?

Quimoi

leeroy2009 wrote: »

...you need a certain department that can do it, and they are based in the uk.

It's the 'super server' team in the UK - push them and they should reduce the APR to 9.9% for two years on the existing balance.