Latest Barclaycard T&Cs - "beneficial" interest rounding

Oct 07, 2005 0 Replies

Besides the notification of interest rate rises, the letter mentioned that interest calculated will be rounded up to the nearest 1 (up from 50p)



As I always pay my balances off this won't affect me - however I'm wondering how CC companies are allowed up get away with this type of thing.



I daresay that along with the interest rate rise, this "beneficial rounding" will add up to fair penny in Barclaycard's coffers :(


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