winston wrote:niando wrote:These people are making a kill from their unsuspecting customers
Sample this:
Cash advance fees 6.25 %
Interest on Cash advance fees 3.25 % p.m or 39% p.a from the date of withdrawal.
Annual fees basic card 3000/=.You can only withdraw 40 % of your credit limit. Say your limit is 20000,you can only withdraw 8,000/=.If you withdraw once in a year, you will have paid 3000 annual fees+ interest to access 8000/=.This is next to shylocking!!!!!!!!!!!!
Totally agree with you...the interest on cash advances and the limit of 40% was introduced when they moved to a new IT platform (something called Prime). The changes were not communicated and clients just met the charges on the statements for the first time.
I was really inconvienced when I wanted to withdraw cash only to be told that there is a new limit of 40%.
Their client treatment was in the very least pathetic.
I have still stuck to them simply because other than the above two issues, their cards have never bounced/failed at a service point. And i use card more as an overdraft facility (when I need it) and make sure that I pay all my charges in full on due date through automatic pay from my BBK account.
For some reason , I am still with this card.Its never rejected in any place I wish to us even abroad.
BUT , you need to be very disciplined .Must pay on or before the due date.If on the due date pay cash not cheque or transfer from your BBK account to Barclaycard.
Do not do cash withdrawals.
They will never charge you any charges except the punitive annual fees if you follow the above simple measures.
Due to this discipline , they have since doubled my credit limit without my request.I'm happy now since with the 3000 annual fee I can access double of my credit limit
Uchungu wa madeni ni Kulipa
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