If I purchase foreign currency from Tesco Bank using my Tesco Credit card, what charges will I incur if I pay off the full amount on the next due monthly payment day
Hi @JC11, thanks for getting in touch. If you order the currency from Tesco Travel Money and use a Tesco Bank Credit Card, you won't be charged a cash transaction fee. We would only charge a cash transaction fee if you purchase foreign currency outside of Tesco. If you pay your balance in full and on time every month, you won't be charged any purchases interest.
@AmyM
I found that information, which answered half the question.
What I wanted to know was, if I purchase travel money from Tesco using my Tesco credit card, would I incur any other charges, ie, would it be treated like a cash withdrawal, or would it remain interest free, until I paid it off in full with my next regular monthly payment to clear my card balance?
Great feedback @JC11, thanks for bringing that to our attention. I'll take this one away to have the FAQ updated 😊
In the meantime, rest assured if you purchase your travel money from Tesco, it won't be treated as a cash withdrawal or cash transaction and will remain interest free providing your full balance is paid on time 😊
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09-12-22 10:33Verified AnswerHi @JC11, thanks for getting in touch. If you order the currency from Tesco Travel Money and use a Tesco Bank Credit Card, you won't be charged a cash transaction fee. We would only charge a cash transaction fee if you purchase foreign currency outside of Tesco. If you pay your balance in full and on time every month, you won't be charged any purchases interest.
09-12-22 11:47Many thanks, I think it might be useful if that information was available somewhere on the site!
AmyM