Estate Planning 101

Notifying Barclaycard After a Loved One’s Passing

September 13, 2023

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When a loved one passes away, managing their financial affairs becomes a crucial task. Among these responsibilities, notifying their credit card companies, like Barclaycard, is essential to prevent identity theft, avoid the accumulation of interest, and settle outstanding balances.

Who Should Be Notified

Barclaycard, the credit card division of Barclays, needs to be notified in the event of a cardholder's death. This applies to all types of Barclaycards, whether they are standard, premium, or business credit cards.

When to Notify

It is advisable to notify Barclaycard as soon as possible after the cardholder's death. This is to prevent further charges from occurring, and to avoid the accumulation of interest and late fees.

How to Notify

You can notify Barclaycard of a cardholder's death by calling their customer service line. When calling, you should be prepared to provide the cardholder's name, account number, and date of death. It's also likely you will be asked to send a copy of the death certificate by mail or fax to confirm the cardholder's death.

What to Expect After Notification

Once notified, Barclaycard will freeze the account to prevent further transactions. They will also provide information about any outstanding balance and how to settle it. If the cardholder had an outstanding balance, it would usually be covered by their estate. If the cardholder had Payment Protection Insurance, the debt may be covered by the insurance.

Tips for Notification

Keep a record of all communications with Barclaycard for future reference. This can be helpful if there are any future inquiries or disputes. If the cardholder had multiple Barclaycards, make sure to notify them about each one.

Conclusion

While dealing with a loved one's financial affairs during a time of loss can be challenging, it is a necessary part of settling their estate. Prompt notification of credit card companies like Barclaycard can help prevent additional stress and financial complications down the line.

FAQ

Q: Who is responsible for paying off the credit card debt?
A: Usually, any outstanding credit card debt is paid from the deceased's estate. If there is no estate or it's insufficient to cover the debt, it's typically written off. Family members are generally not responsible unless they were a co-signer on the card.

Q: What if I don't have all the necessary information about the card?
A: If you don't have all the necessary details, still contact Barclaycard. They may be able to locate the account with the cardholder's name and other identifying information.

Q: What happens to the rewards or points earned on the card?
A: The terms and conditions for rewards and points vary. It's best to ask Barclaycard directly about their specific policy.