"Barclaycard Flexi-Rate Credit Card saves money"

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www.moneynews.co.uk > Credit cards > "Barclaycard Flexi-Rate Credit Card saves money"

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"Barclaycard Flexi-Rate Credit Card saves money"


Barclaycard Flexi-Rate Credit Card has successfully encouraged people to pay back larger amounts on their credit card, according to Moneyfacts.co.uk.

Since the launch of the Barclaycard Flexi-Rate Credit Card in October since then independent personal finance advisors have been monitoring their impact.

Results show that customers have been making savings by heeding Barclaycard's advice to pay back more of their credit card debts, more often.

Moneyfacts.co.uk point out that the card is only available to new customers and the advisor suggests that all credit card customers should be encouraged to save money in this way.

Lisa Taylor from Moneyfacts.co.uk, said: "With personal debt levels in excess of one trillion pounds and a number of banks reporting increasing levels of bad debt, anything that encourages consumers to manage their money in a more responsible manner should be seen as a positive step."

Moneyfacts.co.uk is an independent company which does not receive any commission from sales and it was commenting on the figures released yesterday regarding the debt repayment trends on the Barclaycard Flexi-Rate Credit Card.

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