MoneySavingExpert.com is warning former and existing Barclaycard customers not to throw out any unexpected post from the credit card giant as it could contain a cheque worth up to £300.
The consumer website, founded by Martin Lewis, explained that customers are receiving payments of around £70 on average. However, they have also been contacted by one money-saver who received a bumper payout of £300.
Refunds are being issued for incorrect interest and fees charged to some customers who were with the lender in the “few years” leading up to 2018.
There could also be interest added on top as well as a deduction for income tax.Money Saving Expert said former customers are likely to get a cheque while current customers may see the money transferred directly into their accounts.Barclaycard hasn’t confirmed exactly how many people have been affected by this issue - or how many payouts it is making.
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