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Our Repayment Calculator shows you how to pay us less in interest

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Clear your balance sooner

The longer you take to pay off your balance, the more interest you’ll end up paying. By paying a little more each month, or by fixing your monthly repayments, you'll clear your balance sooner than you think, and pay less in interest.

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

Just enter your balance, interest rate and repayment method, then we’ll do the rest. You might be surprised at how much you could save on interest and the time it takes to pay off your balance, just by switching to a fixed payment.

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Nobody likes paying more in interest than they need to. So you can use the below to help you understand the difference between minimum and fixed payments and then see if you’re able to make a change to your monthly payments. You’ll also get a few extra pointers for managing your money.

Compare paying the minimum to two fixed payments

The 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 19.9% annual interest rate. This assumes that there is no further spend on the card.

 

Note: these results are 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.

Before you go ahead and fix your monthly payments, here are a few things to think about:

If you don’t think you can fix your monthly payments at the moment, you can always make additional payments whenever you’re able to. You can make a payment from your UK bank account, through the Barclaycard app or online servicing.

If you fix your payments and carry on spending on your card, check your fixed amount regularly because you may want to increase the fixed amount to make sure it still meet your needs.

If you fixed your payment with a Direct Debit, but your monthly balance means this isn’t enough to cover your minimum payment, we’ll automatically take your minimum amount. We’ll let you know if this happens.

Handy tips to help you manage your monthly payments

Set up a Direct Debit for a fixed amount

Not only will you save on interest, but your Direct Debit is taken automatically on your payment date without you having to lift a finger.

If you fix your payments but continue to spend on your card, check your fixed amount regularly to make sure it still meets your needs.

Create a budget and stick to it

Give yourself a clear picture of your finances by budgeting. It’ll make it easier for you to see if you can stretch to paying more than the minimum amount.

If money’s tight, think about cutting back your outgoings or look for ways you can save a few pennies – they all add up. Read our guide to help you set a budget.

Fix your payment based on what you can afford

If you can afford this month’s minimum payment amount, try fixing your future payments at the same amount, or more if you can.

This way your payments will always be above the minimum amount (as long as you don’t spend more on your card) and you’ll save on time and interest as your balance decreases.

Pay off the highest APR first

If you’ve got other store or credit cards with balances that you need to pay off, start by paying more towards the card with the highest annual interest rate (APR) first. Then move on to the card with the next highest rate.

Ready to set up a fixed monthly payment?

There are three ways you can set up a fixed Direct Debit for your monthly payments. Just make sure you’ve got your Barclaycard and the details for your UK bank account to hand when you do.


 Log in or register for Barclaycard online servicing. When you’re in, head over to the ‘Pay your bill’ section and follow the instructions


Download the Barclaycard app for free on the App Store or on Google Play. You’ll then be able to set up your Direct Debit on the go


Give us a call on 0800 151 0900 (or +44(0)1604 230 230 if calling from abroad) and we’ll set it up for you there and then. We’re here 24 hours a day, including bank holidays. Call charge information