[Bigreb]

I have just purchased a lease on a car, I saw on my statement that interest has been immediately charged on this on line payment. Speaking to tesco they tell me it depends how the bill was presented. There was a warning on the finance company's web site that some credit cards will charge but I thought this was maybe something like American Express or something similar.
I only used my credit card to offer me security, if I'd known I would have this charge I would have used my debit card.

[ChristopherP]

@Bigreb Hey there, thanks for getting in touch!

I'm sorry to hear you've been charged some unexpected interest.

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.

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.