Barclaycard in the EU

tigerdon wrote on Sat Sep 12, 2020 9:13pm:

Has anyone else had this notice from Barclaycard?

 It does not make any economic sense for them to do this surely? I checked my account on line and this is the reply I got from an email they sent out to me?

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In regards to your concern I am sorry to learn that you have receive a notification which suggests that your account will be closed. Please note, as per the recent changes we are contacting all our customers who have an address in the European Economic Area (EEA) to let them know that we’ll be closing their Barclaycard accounts. The EEA address could be held on the Barclaycard account itself or on any other products you hold with Barclays.

If you can update your address to a UK address on all products held with Barclays before we close your account, then you can keep your Barclaycard account open.

If you can’t do this, you’ll be able to continue to use your card (if it’s in order) until Friday 23 October, when it’ll be blocked.
Accounts will be closed on Monday 16 November and you will need to repay any outstanding balance until it’s fully repaid.

I would request you to please review all products you have with Barclays and make sure it has a UK address on it.

Please accept my sincere apologies for the inconvenience caused to you.

Should you have any further queries, please do not hesitate to contact me.
Kind Regards,
Geeta Sharma
Customer Service Advisor
Barclaycard Customer Services

Is this a scam? Or is it a repercussion of Brexit or am I thick and cant understand the financial prospects for Barclaycard to make this decision?

Please come back to me with any ideas?

Thank you.

Don

tigerdon wrote on Sat Sep 12, 2020 9:13pm:

Has anyone else had this notice from Barclaycard?

 It does not make any economic sense for them to do this surely? I checked my account on line and this is the reply I got from an email they sent out to me?

Read more...

In regards to your concern I am sorry to learn that you have receive a notification which suggests that your account will be closed. Please note, as per the recent changes we are contacting all our customers who have an address in the European Economic Area (EEA) to let them know that we’ll be closing their Barclaycard accounts. The EEA address could be held on the Barclaycard account itself or on any other products you hold with Barclays.

If you can update your address to a UK address on all products held with Barclays before we close your account, then you can keep your Barclaycard account open.

If you can’t do this, you’ll be able to continue to use your card (if it’s in order) until Friday 23 October, when it’ll be blocked.
Accounts will be closed on Monday 16 November and you will need to repay any outstanding balance until it’s fully repaid.

I would request you to please review all products you have with Barclays and make sure it has a UK address on it.

Please accept my sincere apologies for the inconvenience caused to you.

Should you have any further queries, please do not hesitate to contact me.
Kind Regards,
Geeta Sharma
Customer Service Advisor
Barclaycard Customer Services

Is this a scam? Or is it a repercussion of Brexit or am I thick and cant understand the financial prospects for Barclaycard to make this decision?

Please come back to me with any ideas?

Thank you.

Don

Movingon wrote on Sat Sep 12, 2020 10:09pm:

I did wonder if (or when) banks and credit card companies might start backing off non UK resident customers. 

Not sure how they stand in pursuing unpaid debts in the post Brexit era.

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I think the looming prospect of no deal is making them very nervous.

https://www.theguardian.com/politics/2018/aug/23/britons-in-eu-could-lose-access-to-uk-bank-accounts-under-no-deal-brexit 

Brightonsuperwomn wrote on Sun Sep 13, 2020 10:30am:

Yep, got an email yesterday.   Bit surprised and saddened but decided not to take any action.  Another Brexit casualty. 

Villas wrote on Sun Sep 13, 2020 9:08am:

Visit:

https://www.barclays.co.uk/brexit/eea-changes/

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V