I have a savings accounts with Barclays and I was just monitoring how they calculate interest. I tried to check the calculation and to my surprise it was not matching. When I tried in all the possible ways of calculating interest and it didn't match to what I was getting, I called customer care. I asked them to help me understand the calculation and I was told that the calculation is all correct because the rep was sitting somewhere is far east and had a pre-fed calculator to check the math. I requested to explain me the formula but he failed. Then I asked for a manager and when i spoke to the manager, I came to know that the 0.90% APY is actually not 0.90% APY its 0.888896% APY and that my calculation on the amount is right. They have rounded it to display 0.90% APY.

First of all, I want to tell the whole world to NOT get this credit card because they just steal your money. The interests are also very high, they say with the purchases you make they will give you free miles in American Airlines but that's a lie because they charge you for them anyway without you knowing. This is one of the worst credit cards someone could ever get. I suggest you don't apply for one of these shit because you will regret it. The managers that they have in customer service also don't know how to help people with their problems.

I cancelled a credit card with them because I don't use it and I didn't want to pay the annual fee. I cancelled it late so they still required the annual payment even though I had not used the card. I cancelled a Chase card for the same reason and they did not charge the fee. I'm now going to cancel all of our family's Barclay's cards and will move to Chase since they have better customer service. The Chase App is easy to use and their credit card products are just as good.