Barclaycard PPI Claim
PPI Claim Form
Have you ever had PPI with Barclaycard?
If you answer "No" to any of the below questions, there's a very good chance Barclaycard mis-sold you PPI:
Barclaycard should not have added PPI to your agreement without your permission.
Barclaycard should have given you the unpressurised option of having PPI.
PPI would not have been needed from Barclaycard if you had pre-existing PPI cover elsewhere.
Barclaycard should have explained the cost of PPI to you at the point of sale.
If over 50% of your PPI premiums were paid in commission to Barclaycard and this was not explained to you, the "Plevin" ruling means you were mis-sold.
Again, Barclaycard should have given you the option of having PPI or not.
Your right to cancel PPI within the cooling off period should have been explained to you by Barclaycard.
To start your Barclaycard PPI claim, follow our simple 4 step guide above.
My Claim Solved have had great success in reclaiming PPI for customers against Barclaycard and so far we have reclaimed over £42m* for our clients in PPI mis-selling.
If you were mis-sold PPI by Barclaycard, and the claim is successful, you would be entitled to a full refund of PPI premiums you paid to Barclaycard, a full refund of interest charged and compensation interest at 8% per annum on the above sums.
Don't Delay! If you would like to start your PPI Claim against Barclaycard, complete the form at the top of this page.
* PPI refunds obtained through our claims service, amount is prior to our fees plus VAT and any income tax.
Many customers may have been mis-sold PPI (Payment Protection Insurance) by Barclaycard, PPI may have been added to a customer's policy by Barclaycard, in some cases without their knowledge. Barclaycard may have denied a credit application if PPI was refused by the customer.
Barclaycard PPI wasn't all bad, it was intended to protect borrowers' from being unable to make repayments if they were unable to work due to illness or injury. The problem was how PPI was mis-sold by Barclaycard.
There are many examples of Barclaycard mis-selling PPI, some customers were not even made aware by Barclaycard that PPI was added to their policy, and if the customer was made aware that PPI had been added, they were not informed by Barclaycard that it was optional.
A new PPI mis-selling factor called "Plevin", which means if over 50% of the PPI premiums you paid were set out as commission to Barclaycard, and this was not disclosed to you at the point of sale, then you would be due compensation from Barclaycard.
Barclaycard, initially launched in 1966 was the first all-purpose credit card scheme operated by a British bank, although Barclaycard was not the first payment card to be issued in the United Kingdom, Diners Club was launched in 1962 and American Express in 1963. Barclaycard saw American Express as its biggest competitor in the credit card market.
Prior to the launch of the Barclaycard credit card, they targeted themselves to recruit 1 million cardholders and 30,000 outlets by the 29 June 1966. Barclaycard converted an unused shoe factory in Northampton into the Barclaycard head office in just 2 months and sent 23,000,000 potential customers marketing material to promote their new service.
Bank of America, who launched the BankAmericard computer system in 1958 was adapted by Barclaycard to be the backbone of their credit card service. Credit cards were seen at this time as an "undesirable American influence" and this was one of Barclaycards initial problems to overcome. Another problem they faced which threatened the success of Barclaycard was the perception that credit cards were an inflationary system that encouraged customers to spend money they never had. Despite discussions in parliament about the risks of such a system, Barclaycard met all its targets and was launched as scheduled.
In 1967 and 1968, Barclaycard started to expand into Ireland, Malta and Gibraltar, but were already widely available in the United Kingdom. Not too long after this, Barclaycard expanded further into areas where they already had a presence such as South Africa and the West Indies.
The introduction of the new Visa network symbol saw a major transformation of Barlcaycard, and 1977 they moved the signature strip to the reverse of the card but the familiar blue/white/gold colour scheme was kept the same.
In the 1990s, Barclaycard International was established, which allowed them to expand into many countries such as Germany in 1991, France in 1998, Spain and Greece in 1999, Italy 2002 and Portugal in 2004. Barclaycard launched new security initiatives to combat fraud such as the smart card with a microchip. In 1995, Barclaycard launched NetLink which was the first website that allowed customers to pay their utility bills on the internet. In 1997, following major improvements to this service, customers could check their Barclaycard statements, credit limit and pay their bill online.
In 2001, Barclaycard announced a major sponsorship of the English Premier League in a deal worth £48 million, and to coincide with this deal, they launched a specifically designed Premiership Barclaycard.
Barclaycard Direct was launched in 2002 which saw them branch into other financial products such as mortgages, insurance and Nectar. Nectar is a customer loyalty scheme with which customers could earn points at certain shops and services. In 2004, Barclaycard ceased the sponsorship of the FA Premier League and Barclays took over after 3 rewarding years.
2004 through to 2011 saw a large expansion from Barclaycard, they acquired Juniper Financial Corporation in 2004 which enabled them to access the US credit card market, and in 2008 they acquired the Goldfish credit card business. This continued in 2010 and 2011 with the acquisitions of Italian credit card business Citibank, MBNA Europe's small business portfolio and Egg's UK personal customers.