Repayments

HELP AND SUPPORT

Learn how paying more than the minimum could save you more in the long-run

Repayments

See how much you could save with our Repayment Calculator

Repayment Calculator

Helping you clear your balance sooner

The longer you take to pay off your balance on your business credit card, the more interest you’ll end up paying. But by paying a little more each month, or by fixing your monthly repayments, you can clear your balance sooner and pay less in interest.

Minimum vs. fixed payments

Using our Repayment Calculator

Changing your payments

Where to find free, independent support

Why paying the minimum will cost you more

Your minimum payment is the smallest amount you must pay back each month to avoid late fees and charges. It’s based on how much you currently owe on your card, known as your balance, and your annual interest rate.

As your balance goes down, so does your minimum payment amount, meaning you pay less towards clearing your balance.

It could take much longer than expected for you to pay off your balance and you’ll end up paying more interest.

Accruing credit card debt and interest could negatively impact your credit score.

The benefits of moving to a fixed payment

A fixed payment is an amount that stays the same each month, whether your balance goes up or down. You can choose what the fixed payment is and set up a Direct Debit so it goes out around the same time each month, but it must be more than the minimum amount shown on your last statement.

As your balance goes down, your fixed payment stays the same, so you could reduce your balance quicker.

You’ll also know exactly how much you’re paying each month, which is handy if you’re setting budgets or reviewing your finances.

Paying off your credit card debt and avoiding interest could also help improve your credit score.

Let's compare a minimum payment to a fixed amount

This example shows how much interest it would cost and how much time it would take to clear a balance of £2,500 on a card with a 28.9% annual interest rate.

example figures

Please note: this is a guide calculated on approximate minimum payment rates, which vary by provider and product. We assume no additional spend on the card, no fees are incurred, and the same static interest rate is paid on all balances.

Repayment Calculator

Use our Repayment Calculator to see the difference a few pounds extra a month can make

Simply enter your balance, interest rate and repayment method.

Now's the time to make a change

If you haven’t already, we recommend setting up a Direct Debit for a fixed amount. Your monthly payment will be taken automatically to remove the risk of late fees and charges being added to your business card balance. 

A one-time payment could also dramatically reduce the interest you pay each month and reduce your payback time.

Just remember to never pay more than you can afford.

Online

Log in to Barclaycard business online servicing or fill in our online form to set up a Direct Debit.

Phone

Call us on 0800 008 008(1) to make a one-time payment or change your Direct Debit.

In branch

Visit a Barclays branch and our colleagues will be able to help you.

But never pay more than you can afford

If you’re worried about your finances or have queries about your account, you can call us on the numbers below.

Support with your finances
0800 161 5200
Monday to Friday, 8am – 8pm, and Saturday, 9am – 2pm

Queries about your Barclaycard account
0800 008 008
24 hours a day, seven days a week

Where to find free, independent advice

If you would like some impartial and confidential advice, you can get in touch with the organisations below, who might be able to support you.

StepChange Debt Charity

StepChange Debt Charity(2)

Call 0800 138 1111 or visit their website.

StepChange Debt Charity
Citizens Advice

Citizens Advice(2)

Go to your local Citizens Advice or visit their website.

Citizens Advice
Business Debtline

Business Debtline(2)

Call 0800 197 6026 or visit their website.

Business Debtline
National Debtline

National Debtline(3)

Call 0808 808 4000 or visit their website.

National Debtline
My Money Helper

My Money Helper(2)

Call 0800 138 7777 or visit their website.

My Money Helper

Important information

1. Lines are open 24 hours a day, seven days a week.(Return to reference)

2. UK only service.(Return to reference)

3. England, Wales and Scotland only service.(Return to reference)