topic Re: Minimum charge on Barclay? in Credit Cards

Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 16:20:02 GMT

Has anyone ever had this? DH's initial credit line was 500 when opened this month charged about 300 pif immediately for the last weeks now havent touched, We checked today and there is a charge on there from Barclay for 2.00 and it just says minimum charge. So are they allowed to charge you something if you have a zero balance just to get money from you? Forgive me if I sound silly I have just never seen this before.

Thanks!

Edit- They said it was from the cash advance , which i figured all is well again lol!

Re: Minimum charge on Barclay?

Anonymous — Fri, 20 Dec 2013 15:21:17 GMT

Look at your statement. Is there interest charged? It should say what the $2 is for. Maybe that is interest that was carried over? I'm not sure.

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 15:25:43 GMT

@Anonymous wrote:
Look at your statement. Is there interest charged? It should say what the $2 is for. Maybe that is interest that was carried over? I'm not sure.

Nope like I said he was just approved for the card in the beginning of this month. He has 0 interest for 6 months. Didnt matter anyway because his statement was cut on the 16th I think (dont know the pattern yet, first bill) as soon as he got the card he chardged and paid in full so by the time the bill cut there was no balance because he paid it before it even generated. When I check today the statment is simply says "minimum charge" no more no less.

Re: Minimum charge on Barclay?

FinStar — Fri, 20 Dec 2013 15:29:59 GMT

Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 15:34:03 GMT

@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.

Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Re: Minimum charge on Barclay?

Anonymous — Fri, 20 Dec 2013 15:38:53 GMT

I woulod defintely look into it. IN my early days before I knew more, I had a few cards that basically had monthly fees. Maybe the $2 is a monthly fee?? Do you still have paperwork that came with card? It should list APR and any fees there.

If not, then definitely call Barclay and ask them. On a side note, I have only called Barclay once, but they had great customer service!!!

@ronstar7 wrote:
@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.
Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 15:54:01 GMT

@Anonymous wrote:
I woulod defintely look into it. IN my early days before I knew more, I had a few cards that basically had monthly fees. Maybe the $2 is a monthly fee?? Do you still have paperwork that came with card? It should list APR and any fees there.

If not, then definitely call Barclay and ask them. On a side note, I have only called Barclay once, but they had great customer service!!!
@ronstar7 wrote:
@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.
Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Yes we still have the paperwork, but I am guilty to say we didnt read ALL the fine print, he is on the phone with them now. Will keep you guys posted, that would suck though to have a monthly fee but it is what it is.

Re: Minimum charge on Barclay?

Anonymous — Fri, 20 Dec 2013 15:57:16 GMT

Could it be that he charged something at some place that was labeled as a cash advance? If you charged your card in a casino or at establishments located within a casino, sometimes that can happen.

Or an overseas transaction? This can happen sometimes when doing shopping online or when booking international flights / hotels.

Re: Minimum charge on Barclay?

Anonymous — Fri, 20 Dec 2013 16:00:08 GMT

@ronstar7 wrote:
@Anonymous wrote:
I woulod defintely look into it. IN my early days before I knew more, I had a few cards that basically had monthly fees. Maybe the $2 is a monthly fee?? Do you still have paperwork that came with card? It should list APR and any fees there.

If not, then definitely call Barclay and ask them. On a side note, I have only called Barclay once, but they had great customer service!!!
@ronstar7 wrote:
@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.
Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Yes we still have the paperwork, but I am guilty to say we didnt read ALL the fine print, he is on the phone with them now. Will keep you guys posted, that would suck though to have a monthly fee but it is what it is.

Hey, don't beat yourself up over it. If it ends up being a $2 monthly charge, that is better than it might be. Before I knew better I was paying probably $500 in annual fees on my cards (Credit One, Capital One, HSBC, etc).

If $24 annual fee helps you build your credit, I guess that is a small price to pay, right?

Re: Minimum charge on Barclay?

FinStar — Fri, 20 Dec 2013 16:03:55 GMT

@Anonymous wrote:
@ronstar7 wrote:
@Anonymous wrote:
I woulod defintely look into it. IN my early days before I knew more, I had a few cards that basically had monthly fees. Maybe the $2 is a monthly fee?? Do you still have paperwork that came with card? It should list APR and any fees there.

If not, then definitely call Barclay and ask them. On a side note, I have only called Barclay once, but they had great customer service!!!
@ronstar7 wrote:
@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.
Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Yes we still have the paperwork, but I am guilty to say we didnt read ALL the fine print, he is on the phone with them now. Will keep you guys posted, that would suck though to have a monthly fee but it is what it is.

Hey, don't beat yourself up over it. If it ends up being a $2 monthly charge, that is better than it might be. Before I knew better I was paying probably $500 in annual fees on my cards (Credit One, Capital One, HSBC, etc).

If $24 annual fee helps you build your credit, I guess that is a small price to pay, right?

AFAIK, Barclays doesn't have any type of "monthly fee" product. They have AF products, but none that are like FP or CO.

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 16:06:29 GMT

@Anonymous wrote:
Could it be that he charged something at some place that was labeled as a cash advance? If you charged your card in a casino or at establishments located within a casino, sometimes that can happen.

Or an overseas transaction? This can happen sometimes when doing shopping online or when booking international flights / hotels.

Yes he had to take a cash advance to activate the card at a bank because there was a security issue, but they already charged him $10 for it which he paid. So do you think this is an additional apr charge for cash advances? Thats what I was figuring too.

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 16:07:32 GMT

@FinStar wrote:
@Anonymous wrote:
@ronstar7 wrote:
@Anonymous wrote:
I woulod defintely look into it. IN my early days before I knew more, I had a few cards that basically had monthly fees. Maybe the $2 is a monthly fee?? Do you still have paperwork that came with card? It should list APR and any fees there.

If not, then definitely call Barclay and ask them. On a side note, I have only called Barclay once, but they had great customer service!!!
@ronstar7 wrote:
@FinStar wrote:
Get in touch with Barclays so thay can provide more insight as to what generated the finance charge.
Yeah thats what I told him to do, but I figured I would try the Fico gurus first I mean 2.00 is no big deal but we just hate to see it since it was paid in full. LIke having a 0 balance lol

Yes we still have the paperwork, but I am guilty to say we didnt read ALL the fine print, he is on the phone with them now. Will keep you guys posted, that would suck though to have a monthly fee but it is what it is.

Hey, don't beat yourself up over it. If it ends up being a $2 monthly charge, that is better than it might be. Before I knew better I was paying probably $500 in annual fees on my cards (Credit One, Capital One, HSBC, etc).

If $24 annual fee helps you build your credit, I guess that is a small price to pay, right?

AFAIK, Barclays doesn't have any type of "monthly fee" product. They have AF products, but none that are like FP or CO.

Oh ok, thats good to know!

Re: Minimum charge on Barclay?

Anonymous — Fri, 20 Dec 2013 16:09:13 GMT

My guess is that its most likely interest fees due to the cash advance then. Call CSR to find out just to make sure.

Re: Minimum charge on Barclay?

FinStar — Fri, 20 Dec 2013 16:13:18 GMT

@ronstar7 wrote:
@Anonymous wrote:
Could it be that he charged something at some place that was labeled as a cash advance? If you charged your card in a casino or at establishments located within a casino, sometimes that can happen.

Or an overseas transaction? This can happen sometimes when doing shopping online or when booking international flights / hotels.
Yes he had to take a cash advance to activate the card at a bank because there was a security issue, but they already charged him $10 for it which he paid. So do you think this is an additional apr charge for cash advances? Thats what I was figuring too.

Yes, there is the cash advance fee and the finance charge associated with the cash advance (since there is no grace period for those, regardless of when it was PIF).

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 16:15:35 GMT

@Anonymous wrote:
My guess is that its most likely interest fees due to the cash advance then. Call CSR to find out just to make sure.

Yeah thats what I told him, luckily it was only 2.00 but still wont be doing that again unless absolutley necessary. Thanks for your help!

Re: Minimum charge on Barclay?

ronstar7 — Fri, 20 Dec 2013 16:16:14 GMT

@FinStar wrote:
@ronstar7 wrote:
@Anonymous wrote:
Could it be that he charged something at some place that was labeled as a cash advance? If you charged your card in a casino or at establishments located within a casino, sometimes that can happen.

Or an overseas transaction? This can happen sometimes when doing shopping online or when booking international flights / hotels.
Yes he had to take a cash advance to activate the card at a bank because there was a security issue, but they already charged him $10 for it which he paid. So do you think this is an additional apr charge for cash advances? Thats what I was figuring too.
Yes, there is the cash advance fee and the finance charge associated with the cash advance (since there is no grace period for those, regardless of when it was PIF).

Figured so, how could we forget lol, thanks for your help!