Help!! Credit Card charge help

View Tag Cloud
  • XxkimxX's Avatar
    Fresh Eyes
    Today I made a purchase for some euros on my Tesco credit card from Sainsbury's bank, but what I didn't know is that I maybe charged a fee.

    I have looked it up and it is a 3.99% fee and then interest daily as well.

    I am intending to pay the purchase off on Thursday but I would also like to pay the fee too to save the daily interest, but what I would like to know is, is the daily interest charge for the purchase or just the fee!

    The purchase I made was £453.53

    Please help, I don't want to be charged a fortune!
  • 1 Reply

  • Verified Answer

    ChristopherP's Avatar
    Your Community Expert
    Verified Answer
    @XxkimxX Hey there, thanks for getting in touch!

    When you make a cash transaction, we charge a fee of 3.99% and interest at your standard cash transaction rate. This is from the date of the transaction until the date this cash balance is paid.

    This means, you will see interest charged over two statements. The first statement will show the cash transaction fee and the interest from the date of the transaction until the statement came out.

    The second statement will show interest accounting for the period between the first statement coming out and the balance being paid in full. After this there’d be no more interest applied to this specific transaction.

    I hope this clarifies things for you.

    If you need to ask a question about a Tesco Bank product, you can make a post in Help & Support here

    Also, feel free to Introduce Yourself