Barclaycard cuts minimum repayment on credit cards

Cutting

Barclaycard extended to some of its customers a lower minimum repayment – 1.5% Vs. the prior 2.25% of the remaining balance. This will give some of its customers additional flexibility in these tough economic times. A Barclaycard spokesman said: “We are doing this to help customers. This is an option we are giving to selected customers for them to be able to make a reduced minimum repayment for a limited period if the customer chooses to do so. We understand that some customers may appreciate this additional flexibility during the current economic circumstances.” (Read more at: Compare Top Cards)

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{Photography by Gregg O’Connell}