BARCLAYCARD - We’re Reducing the Amount of Cash You Can Take Out

Socajam

Hello Miss XXXXXXXXX We want you to know that we’re lowering the amount of cash our customers can withdraw with their Barclaycard to 30% of their total credit limit. From 21 August 2020, you’ll be able to withdraw up to £1,800 as cash with your Barclaycard. You can still use your Barclaycard to make purchases up to your total credit limit – it’s just the amount you can take out as cash that’s changing. Using your Barclaycard to take out cash could be more expensive than using it in a shop. So if you do have to use your card for cash in the future, we hope this lower withdrawal limit will help to keep your repayments manageable. What does this mean for you?

You’re still under your cash limit, so you can continue to use your Barclaycard to get cash, up to your new limit

D3xt3r5L4b

OK?
Is there a question?

born_again

Well that's good news.
Will mean less charges & interest to pay on cash

Cash on a credit card should be for dire emergencies only.

StephenM_2

born_again said:

Cash on a credit card should be for dire emergencies only.

An exception is if you've got a Halifax Clarity card and need cash abroad. As long as you pay it back at the earliest opportunity it may be the cheapest option.

Socajam

D3xt3r5L4b said:

OK?
Is there a question?

No.
I got the email this morning and just thought I would post it here.  Is this ok?

Highland76

born_again said:

Well that's good news.
Will mean less charges & interest to pay on cash

Cash on a credit card should be for dire emergencies only.

Depends on which credit card you have. On my Barclaycard Rewards card I can take out cash overseas without paying a penny in interest charges AND I get the Visa wholesale exchange rate, just as long as the full balance is cleared off each month. 

Stompa

I got this earlier. Mind you, I've had a Barclaycard for at least 42 years and have not once considered using it to withdraw cash, so I won't lose any sleep over it!

Socajam

Stompa said:

I got this earlier. Mind you, I've had a Barclaycard for at least 42 years and have not once considered using it to withdraw cash, so I won't lose any sleep over it!

I have not done it for years, so like you it does not affect me - too expensive anyway.

cymruchris

Socajam said:

Hello Miss XXXXXXXXX We want you to know that we’re lowering the amount of cash our customers can withdraw with their Barclaycard to 30% of their total credit limit. From 21 August 2020, you’ll be able to withdraw up to £1,800 as cash with your Barclaycard. You can still use your Barclaycard to make purchases up to your total credit limit – it’s just the amount you can take out as cash that’s changing. Using your Barclaycard to take out cash could be more expensive than using it in a shop. So if you do have to use your card for cash in the future, we hope this lower withdrawal limit will help to keep your repayments manageable. What does this mean for you?

You’re still under your cash limit, so you can continue to use your Barclaycard to get cash, up to your new limit

Have you ever taken cash out on this card? 

I've only ever taken cash out on a credit card once in my life - and that was £20 in Taiwan when I ran out of money - and my debit card decided to play silly beggars. 

I can't see this kind of reduction affecting many people - in fact if they reduced it to £250 per person across the board - it still probably wouldn't affect a great number of people.

Socajam

cymruchris said:

Socajam said:

Hello Miss XXXXXXXXX We want you to know that we’re lowering the amount of cash our customers can withdraw with their Barclaycard to 30% of their total credit limit. From 21 August 2020, you’ll be able to withdraw up to £1,800 as cash with your Barclaycard. You can still use your Barclaycard to make purchases up to your total credit limit – it’s just the amount you can take out as cash that’s changing. Using your Barclaycard to take out cash could be more expensive than using it in a shop. So if you do have to use your card for cash in the future, we hope this lower withdrawal limit will help to keep your repayments manageable. What does this mean for you?

You’re still under your cash limit, so you can continue to use your Barclaycard to get cash, up to your new limit

Have you ever taken cash out on this card? 

I've only ever taken cash out on a credit card once in my life - and that was £20 in Taiwan when I ran out of money - and my debit card decided to play silly beggars. 

I can't see this kind of reduction affecting many people - in fact if they reduced it to £250 per person across the board - it still probably wouldn't affect a great number of people.

For myself over 40 years ago.
For someone I added to my card who was I trying to help and it turned around and bite me in the butt, that was about 2 years ago.
I learnt a serious lesson with this and would never do it again or lend money to anyone, no matter how desperate they are.

mr_stripey

This probably should have been a rule years ago!