Barclays Credit Card Complaint

APR or interest rate

Barclays Credit card department,

APR or interest rate California

I had failed to make a timely credit card payment to Barclaycard - -. This was just a matter of forgetting to pay my bill. Received an email notification reminding me of my need to pay and that it was delinquent. My Account balance to pay was $180.00, due -/-/2016. My new statement with additional purchases of $2700.00 arrived with a due date of -/-/2016. My new statement indicated a late fee of $27.00 which is standard. It also had an interest - of $34.00 which is for the unpaid balance of $180.00 and should not be applied to the new purchases until that payment is delinquent. So an interest charge of $34.00 for $180.00 equals 18.29 % for 1 month! or 220 % annualized. Check their math!

Barclays customer in California
Jan 17, 2016

* Source: CFPB Complaint Database

Barclays response to complaint:
Closed with explanation

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