What is a minimum payment and how do I know what my minimum payment is?

It's the minimum amount you must repay to Barclaycard every month. This is worked out from your interest rate and how much you currently owe on your card (your balance). From looking at your current statement, you can see your balance, how much interest you've been charged, your rate of interest, and what you've paid in the previous month.

If you only ever make the minimum payment each month, it’ll take you longer to clear your balance and cost you more in interest. It's advisable to pay more than the minimum payment, where you can. Log in, or register for Barclaycard online servicing. The Barclaycard app is free to download, and available from the app store for iOS versions 11 or later, and Google Play for Android devices.

Try our Repayment Calculator to see how paying a little more can reduce the amount of interest you pay.