Barclaycard slashed my credit limit from £12,000 to £450 overnight
Outrage as credit card provider cuts spending limits in wake of £26m regulator fine
20 April 2021 • 6:00am
Indignant Barclaycard customers have slammed the credit card company for massively reducing spending limits by thousands of pounds.
Long-standing customers said the provider announced cuts to their credit limits at the end of last week by as much as 96pc “with virtually no notice”, despite strong credit histories, solid incomes and regular spending.
Many took to social media to voice their opinions, accusing Barclaycard of “disgraceful customer service” and trying to cull loyal clients.
Barclaycard said it had decreased the credit limits because of the ongoing economic impact of coronavirus and refused to say how many customers were affected.