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People using own name in passwords are giving fraudsters easy access to their online data

People using own name in passwords are giving fraudsters easy access to their online data
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Barclaycard customers see credit limits cut by up to 90% despite never missing a monthly repayment

Barclaycard customers see credit limits cut by up to 90% despite never missing a monthly repayment We also have top tips on what to do if your credit limit is suddenly reduced. Barclaycard said more customers had received credit limit decreases over the past year due to the impact of Covid-19 (Image: Getty Images) Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.

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Barclaycard defends decision to cut customers credit limits by 95 per cent

Barclaycard defends decision to cut customers credit limits by 95 per cent
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Barclaycard tries to defend slashing credit card limits of loyal customers

Barclaycard has been caught in a customer service firestorm as it tries to defend slashing the limits of some loyal credit card customers by 90 per cent or more. Stories of limits being slashed emerged last week, with those longstanding customers affected who had never missed a payment angered by the proposed moves and saying they were taking their business elsewhere. Some say that Barclaycard has never checked on their financial status, which in many instances has remained the same or improved, but slashed limits to unusably low levels claiming the pandemic may have affected their finances. Barclaycard issued a further statement less than 48 hours after the news was first reported by This is Money and sister publication Money Mail on Wednesday.

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Barclaycard defends decision to cut customers credit limits

(Dominic Lipinski/PA) Thank you for signing up to The Press and Journal newsletter. Something went wrong - please try again later. Sign Up Barclaycard has defended cutting some customers’ credit limits after a backlash from people complaining they had been reduced by over 90%. Some customers complained that their limits had been significantly reduced despite having never missed a payment. It was pointed out that Barclaycard had made the reductions at a time when some people might need financial back-up. Barclaycard said more customers had received credit limit decreases over the past year amid the impact of the coronavirus pandemic, but it added they represent a very small number of its overall customer base.

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