How do you work out what my minimum monthly payment will be on my Barclaycard?
Your minimum monthly payment will be the higher amount out of:
- £5, or the total outstanding balance if it’s less than £5
or
- Between 2.25% and 4.25% of the main balance (depending on your APR), plus any instalment plan payments due for the month if a plan is in place
or
- The total of any interest or fees added to your account since your last statement, plus between 1% and 3% of the main balance (depending on your APR) and any instalment plan payments due for that month.
You can check your latest minimum payment on your statement.
You can also use our repayment calculator to work out how much it’ll be.