Barclaycard

PeacefulWaters

Cannonfodder wrote: »

Go away and actually do some sums if you want to prove me wrong.

I can't.

You haven't provided the dates the statements were issued on.

Johnnytwostep

newbies come and then have a go when they are shown to be incorrect/rubbish at maths

Cannonfodder

Pasting in the entire summaries (apologies for the formating, I've only removed the embeded links for Nov/Dec)

The balance limit is £8100 , quoted monthly interest 2.005%, minimum payment is supposed to be calculated either as 2.25% of the outstanding balance or interest plus 1% of the outstanding balance. There is a £12 charge in the december interest and charges amount for being over the credit limit so the interest charged for december like every month where additional payments aren't made is the estimate from the previous month.
Since both October and November have purchases and this along with the dates of purchase affects the interest charged I have not made comment on their accuracy.

Statement for 14 Oct 14
Summary

Previous balance £2693.48 Purchases £ 81.61 Interest & charges £ 56.40 Payments received £ 78.29 Closing balance £ 2753.20


Pay your card bill

Due date 10 Nov 14 Estimated Interest Next Month £ 56.26 Your Direct Debit set up The minimum amount £83.36 Payment date 10 Nov 14

Statement for 14 Nov 14

Summary

Previous balance £2753.20 Purchases £ 5345.61 Interest & charges £ 56.26 Payments received £ 83.36 Closing balance £ 8071.71


Pay your card bill

Due date 09 Dec 14 Estimated Interest Next Month £ 201.46 Your Direct Debit set up The minimum amount £161.43 Payment date 09 Dec 14

Statement for 12 Dec 14


Summary

Previous balance £8071.71 Purchases £ 0.00 Interest & charges £ 213.46 Payments received £ 161.43 Closing balance £ 8123.74


Pay your card bill

Due date 06 Jan 15 Estimated Interest Next Month £ 179.95 Your Direct Debit set up The minimum amount £292.56 Payment date 06 Jan 15

leeroy2009

I can only say that as customer of Barclaycard for 12yrs, I have never once had a incorrect statement, all payments and charges have always been correct.

meer53

leeroy2009 wrote: »

I can only say that as customer of Barclaycard for 12yrs, I have never once had a incorrect statement, all payments and charges have always been correct.

Me neither and i've been with them for about 30 years !

dresdendave

leeroy2009 wrote: »

I can only say that as customer of Barclaycard for 12yrs, I have never once had a incorrect statement, all payments and charges have always been correct.

Are you seriously suggesting that one of the world's largest financial institutions have more expertise at calculating credit card interest than the OP?