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Tesco Card - 0% promotion on Tesco purchases

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jockblue
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Tesco Card - 0% promotion on Tesco purchases

#23466

Postby jockblue » January 16th, 2017, 11:57 am

Has anyone else used the promotion on Tesco credit cards where you would get 0% on Tesco purchases up to the end of March 17?

I dutifully changed my standing order and paid off the non-Tesco purchases in my December statement, only to find the January statement has charged me interest on all of my new non-Tesco purchases. Apparently, according to Tesco, I misunderstood the promotion. I'm pretty sure if I misunderstood it, then many others will too, as it's a bear trap for those thinking it was in any way a good deal...

Be interesting to hear of anyone else's experiences, or whether I'm the only one!

Raptor
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Re: Tesco Card - 0% promotion on Tesco purchases

#23471

Postby Raptor » January 16th, 2017, 12:17 pm

I thought it too complicated even after pointing out that it was not clear. Did not like onus on me to decide what I needed to pay and on what?

Raptor.

swill453
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Re: Tesco Card - 0% promotion on Tesco purchases

#23564

Postby swill453 » January 16th, 2017, 5:38 pm

Yes I reckoned there had to be a catch. Basically for anyone who always pays off their full balance, there was no benefit in the offer at all.

I do remember reading somewhere recently that if you complain loudly enough then they will refund the interest.

Scott.

AJC5001
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Re: Tesco Card - 0% promotion on Tesco purchases

#23616

Postby AJC5001 » January 16th, 2017, 10:26 pm

jockblue wrote:Has anyone else used the promotion on Tesco credit cards where you would get 0% on Tesco purchases up to the end of March 17?

I dutifully changed my standing order and paid off the non-Tesco purchases in my December statement, only to find the January statement has charged me interest on all of my new non-Tesco purchases. Apparently, according to Tesco, I misunderstood the promotion. I'm pretty sure if I misunderstood it, then many others will too, as it's a bear trap for those thinking it was in any way a good deal...

Be interesting to hear of anyone else's experiences, or whether I'm the only one!


See this article for more info. http://www.moneysavingexpert.com/news/banking/2017/01/tesco-bank-credit-card-holders-stung-with-unexpected-charges-after-being-caught-out-by-0-interest-offer

You're not the only one! ;)

Adrian


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