Hi, I'm new to this.
I've had my credit card for a couple of months now.
I pay it off before the minimum payment is due.
But, I've had two payments go out on the 29th of each month for a cash advance?
Is this interest?
I can't figure out what else or would be?
Thank you in advance for any help.
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.
We consider the following types of payments to be cash transactions: gambling transactions, wire/international money transfers, repaying borrowing, purchasing non-Sterling currency outside of Tesco, payments to prepaid or virtual cards, purchasing gift cards, investments, share trading and spread betting.
Have you made any of those types of payments? If so, 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 have payments going out each month for Cash Transactions!?
I can't pin point what it's from!
I pay off my balance each month.
Can you specify what's creating these charges?
@Hud If you've read the reply above, and can't think of any transactions you've made that would generate a cash transaction fee/interest, then please call the Credit Card team on 0345 300 4278 (Mon - Fri: 8am to 9pm, Sat - Sun: 8am - 6pm) and they'll be happy to help.
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Tesco Bank Community Terms of Service v 1.0
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ChristopherP
