Hi,

Im a new user, so appologies if im about to ask a dumb question.

Im looking to take a Barclaycard platinum credit card but im not 100% sure on the terms. Im getting it to make a purcahse of £x, e.g. £100 but im not sure on the interest. The website says 0% on purchases in the first 10months which, from what i understand, means as long as i pay the £100 off within the first 10 months i pay no more than the £100. Is this right? i understand that there is a minimum amount to be paid each month. The problem is that when i look on the terms and conditions it says:

Interest free period

Maximum 56 days on purchases if you pay in full and on time each month, during the first six months.

No interest free period on balance transfers, cash withdrawals or cheques.

This is subject to any interest free promotional offer.

Is this after the intital interest free period or does it mean i need to pay the total £100 back within 56days regardless of an interest free period?

Sorry for the long spiel, i hope someone can clarify this for me.

Thanks in advance,

Andy

There's a minimum payment (£5 or 5% perhaps) that must be paid each month otherwise all promotions are cancelled.

If you pay the £100 off before the end of 10 months then yes, the total of all the payments should be £100. After that, you need to pay the amount on the statement before the due date to avoid interest.

If this is your first card, you need to take things steadily until you get used to things. It's very easy to spend more than you can afford unless you are careful. The promotions sometimes encourage this.

If the offer is 10months 0% on purchases then you should be fine on minimum payment until then.

The Interest Free Period looks to be the standard T and C's for the account, as most of these fall under the 56 day rule.