If you pay off your balance when it’s due every month, you won’t have to pay any interest whatsoever. However if you need more flexibility and don’t pay your balance in full, the minimum interest you would pay is £1.
Interest we charge is based on the Average Daily Balance of your account, which is the total of your outstanding balances every day, divided by the number of days that month. So the sooner you make a payment to your account, the less interest there is to pay.
If you’re currently paying interest on credit card balances, you could save money by transferring them to one of our interest-free balance transfer cards. Even with a transfer fee to pay, this may work out cheaper in the long run.
Just be aware that you’re likely to be charged interest at your standard APR if you make new transactions with a balance transfer credit card.
Your Barclaycard can be used to withdraw cash from over 24 million cash machines around the world. For sterling withdrawals a cash fee is charged or for non-sterling withdrawals a transaction fee is charged to the amount you withdraw from a cash machine or bank. Please refer to either your Terms and conditions or the reverse of your statement for further details on the fees charged. You can also find these in your
Barclaycard online account
under the 'ask us a question' section.
Since interest rates tend to be higher for cash withdrawals than regular purchases, it’s costly to use your credit card for cash on a regular basis.
If you withdraw cash on your Barclaycard while abroad you will only be charged a single transaction fee and receive up to 56 days interest free, if you pay your balance in full and by the due date shown on your statement each month.
We charge just £2 if you need a duplicate of your statement and £5 for a copy of a sales voucher.
If your payment’s late or you spend more than your credit limit, there may be an extra charge applied.
One way to avoid late payments is with Direct Debit when the minimum payment, or more of your balance, is paid automatically every month.
Just bear in mind that it takes much longer to clear your balance and costs more in interest charges if you make minimum payments.