Barclaycard Platinum - interest free period

Brokenlynx · 7 March 2022 at 10:42PM

Hi,

I'm looking to apply for a Barclaycard Platinum card (up to 24 months interest free on purchases) , I have a couple of questions.

The following appears on their site under the summary of rates:

https://www.barclaycard.co.uk/personal/platinum-purchase

Interest Free Period
Maximum 56 days from the date of any new transaction including balance and money transfers on a promotional rate that have been added to your account since your last statement if you pay your main balance (excluding any promotional balance with a 0% interest rate) and any monthly instalment plan payments (if you've taken out any instalment plans) in full and on time each month.
Note - Your main balance is your current statement balance less any instalment plan balance.

Does this mean that if I make a purchase on the card during the interest free period that I have only 56 days from the date of the transaction to pay it off in full?

I've always been under the impression that the interest free period provides a period where I'm able to purchase and spread payments up to the end of the period. For instance making a £2400 purchase in month 1 and then spreading the value of that transaction (£100/month) over the 24 month interest free period. Is this assumption correct?

An additional question I have is with respect to credit limit, I've not completed a credit card application in a while and was wondering if I can set it during the application process or is it set on my behalf based on my credit rating?

Thanks,