Barclaycard now a symbol of desperation Barclaycard slashed my credit limit from 6'500 to just 250 pounds, apparently due to new government guidelines on responsible lending. However, their actions merely punish individuals for paying off their monthly balance. They operate like loan sharks; the card is an embarrassment; I've closed my account because of the stigma of having such a card would have. Ideal if you only shop at Poundland. I would certainly recommend it if you want to give the impression you're poor and can't get a valid credit card. Save yourself a lot of grief; leave well alone.