Thread: gmex2005 vs Barclaycard

Hi,

I'm about to start on the road to reclaiming charges back from Barclaycard, having successfully claimed from First Direct last year (yes, I know it's taken me ages!).

I've refreshed my memory on the whole process and I have all my statements from Barclaycard already. When I claimed from FD I didn't work out the interest taken on the charges - it just seemed too complicated at the time (and the spreadsheet at that stage only worked on estimates). I did claim the 8% interest when it reached the court stage though. Now however, having gone through the process once and given the fact that CC interest is much higher I'd like to claim any interest I've paid on my CC balance due to charges.

I have read through a lot of the interest centric threads but they seem to have a lot of information which is relevant only to bank accounts. I (think I) have a simple question, assuming that Barclaycard charges the standard interest rate on both over credit limit and late payment charges.

In order to calculate the interest on the charges I have paid is it just a simple case of changing the 8% on the spreadsheets to a sensible interest rate (i.e. an average of the purchase rate of the card over the 6 year period)?

Additionally, am I right in assuming that this is not claiming the "contractual rate" of interest as described in many threads. I am under the impression that this would then mean adding interest at their rate again as that is what they would do (principle of implied mutuality etc)?

So to clarify, I only want to claim my charges plus the interest I have paid on those charges.

Thanks for any advice. Apologies if it's a silly question but sometimes if you spend too much time on this site you can just confuse yourself!!)

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