Standard and cash interests | Barclaycard Payments

Standard interest rate is the rate of interest you’re charged on purchases plus any interest and account usage fees on those purchases. If you don’t pay your balance off in full by your payment due date, you would be charged this amount of interest from the date the purchase is debited to your account until you pay it off.

Cash interest rate is the rate of interest you’re charged on cash withdrawals, the purchase of currency or traveller’s cheques, cash-like transactions and interest and charges on those amounts. Cash like transactions include the sending of money orders or wire transfers and buying digital currencies including cryptocurrency.

For cash transactions, we’ll charge interest from the date they’re added to your account to the date you pay them off. This will always apply, even if you pay your total outstanding balance in full by the payment due date.

As long as you pay your main balance (excluding any promotional balance with a 0% interest rate) in full by your payment due date, the following will apply that month:

We won’t charge interest on new transactions that have been added to your account since your last statement.

We will only charge interest on your outstanding balance from your last statement up to the date of your current statement.

We work out how much interest we charge each month using a simple interest rate and your interest is calculated on a daily basis. Any interest charges are added on the date we produce your statement.