Editing Barclaycard (section)

==History==
Barclays launched Barclaycard on 29 June 1966, initially as a [[charge card]],<ref name="accesshistory6672">{{Cite web|url=https://www.accesscreditcard.info/history66-72.aspx|title=Access Credit Card - 1966-72|website=www.accesscreditcard.info}}</ref> but following Bank of England agreement to the offering of [[revolving credit]], it became the first credit card in the United Kingdom on 8 November 1967.<ref name="accesshistory6672"/> It enjoyed a [[monopoly]] of the credit card market in the United Kingdom until the introduction of the [[Access (credit card)|Access Card]] in October 1972.<ref name="accesshistory6672"/>

Barclays was not the first issuer of a credit card in the United Kingdom though; [[Diners Club]] and [[American Express]] launched their charge cards in 1962 and 1963 respectively.<ref>{{cite news|title=1963: American Express comes to Britain|url=http://news.bbc.co.uk/onthisday/hi/dates/stories/september/10/newsid_3031000/3031968.stm|access-date=19 January 2016|publisher=news.bbc.co.uk}}</ref><ref name="accesshistory6672"/> Barclaycard was originally a [[BankAmericard]] licensee, and became part of the [[Visa (credit card)|Visa]] network on its formation in September 1976.<ref name="accesshistory6672"/><ref>{{cite news |url=https://www.nytimes.com/1976/09/11/archives/bankamericard-to-get-a-new-name-visa-personal-finance.html|title=Bank Americard to Get A New Name: Visa|newspaper=www.nytimes.com|date=11 September 1976|access-date=14 July 2020}}</ref>

In 2021, Barclaycard cut credit limits for over 100,000 customers, including customers who had never missed a payment. In some cases limits were cut by over 95%, resulting in "completely useless" credit limits.<ref name=Times>{{Cite news|url=https://www.thetimes.com/business-money/economics/article/after-30-years-why-has-barclaycard-cut-my-credit-to-250-hfnxgcqv5|title=After 30 years, why has Barclaycard cut my credit to £250?|first=Imogen|last=Tew|work=[[The Times]]}}</ref><ref name=CityAm>{{Cite web|url=https://www.cityam.com/barclaycard-defends-decision-to-cut-customers-credit-limits-by-up-to-95-per-cent/|title=Barclaycard defends decision to cut customers' credit limits by 95 per cent|date=April 20, 2021|website=CityAM}}</ref><ref name="Guardian useless">{{cite news |last1=Brignall |first1=Miles |title=Barclaycard slashed my £6,500 credit limit to £250 |url=https://www.theguardian.com/money/2021/apr/26/barclaycard-slashed-my-6500-credit-limit-to-250 |access-date=4 March 2023 |work=The Guardian |date=26 April 2021}}</ref>