[Ridingwayward]

I understand that interests and fees will be charged for cash transactions eg buying giftcards.
but i would like to know:
1. what are the MCC codes of the transactions that will be classed by Tesco Bank as cash transaction, as I have to confirm with my merchant before the purchase.
2. If the balance is settled shortly after, will interest still be incurred until the statment is repaid or just until it has been repaid?
3. Are those transactions eligible for the 0% interest introductory offer for the 20month interestfree purchase credit card?
4. if the cash transactions are refunded, will the transaction fee be refunded? Or will the refunds incur additional charges on top of the original?
thanks a lot

[KimberleyT]

@Ridingwayward 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.

Although we can't confirm the MCC codes used by individual merchants, the merchants themselves will be able to confirm this for you. 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 three 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 subsequent statements will show interest accounting for the period between the first statement coming out and the balance being paid in full. After this there would be no more interest applied to this specific transaction.

Unfortunately, cash transactions are not included in any promotional offers. If a cash transaction is refunded, then it the cash transaction fee would remain on your account.

If you need to discuss this further, then please call on 0345 300 4278 (Mon - Fri: 8am to 9pm, Sat - Sun: 8am - 6pm).

I hope this helps.