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    • Hall1107
    • By Hall1107 19th May 17, 6:38 PM
    • 3Posts
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    Hall1107
    Tesco credit card
    • #1
    • 19th May 17, 6:38 PM
    Tesco credit card 19th May 17 at 6:38 PM
    I have been with tesco credit card for 2 years on 0% balance transfer, today i rang them and found out my 0% has ran our last month, i dont recall recieving any letters from them to remind me even though they said that they have. Now i have been charged £1000 on interest on top of my balance. Is there anything i can do to get them to write this off i have allways made regular payments and have just forgot to balance transfer as i have so much going on at the minute. Help!
Page 1
    • zx81
    • By zx81 19th May 17, 6:47 PM
    • 14,387 Posts
    • 15,178 Thanks
    zx81
    • #2
    • 19th May 17, 6:47 PM
    • #2
    • 19th May 17, 6:47 PM
    No. You need to keep an eye on your statements and manage your finances.
    • YorkshireBoy
    • By YorkshireBoy 19th May 17, 7:03 PM
    • 29,615 Posts
    • 17,472 Thanks
    YorkshireBoy
    • #3
    • 19th May 17, 7:03 PM
    • #3
    • 19th May 17, 7:03 PM
    At their representative 18.9% APR, the monthly rate is 1.4531%.

    Assuming your £1,000 interest figure covers 2 months, then that means you had a circa £34,000 balance...and an even higher credit limit to accommodate it!

    Try and make it a little more convincing next time.
    • Hall1107
    • By Hall1107 19th May 17, 8:20 PM
    • 3 Posts
    • 4 Thanks
    Hall1107
    • #4
    • 19th May 17, 8:20 PM
    • #4
    • 19th May 17, 8:20 PM
    They told me the £1000 interest is for the 2 year 0% balance that i havent paid off, my intitial balance was £1800 and today they told me £2800 please tell me they are wrong
    • zx81
    • By zx81 19th May 17, 8:28 PM
    • 14,387 Posts
    • 15,178 Thanks
    zx81
    • #5
    • 19th May 17, 8:28 PM
    • #5
    • 19th May 17, 8:28 PM
    What has been appearing on your statements?
    • SnowTiger
    • By SnowTiger 19th May 17, 8:34 PM
    • 3,103 Posts
    • 2,084 Thanks
    SnowTiger
    • #6
    • 19th May 17, 8:34 PM
    • #6
    • 19th May 17, 8:34 PM
    They told me the £1000 interest is for the 2 year 0% balance that i havent paid off, my intitial balance was £1800 and today they told me £2800 please tell me they are wrong
    Originally posted by Hall1107
    On the face of it, that's wrong.

    However, as is often the case, I suspect you've forgotten to tell us a few important details.

    My first thoughts are that you've been spending on the card and haven't been paying attention to your statements.
    • Hall1107
    • By Hall1107 19th May 17, 8:46 PM
    • 3 Posts
    • 4 Thanks
    Hall1107
    • #7
    • 19th May 17, 8:46 PM
    • #7
    • 19th May 17, 8:46 PM
    I have just rang Tesco bank to clarify the charges, and... they have MADE A MISTAKE!!!
    They dont know why the agent this morning told me that and the correct charge is £26! Thank you for making me question this!
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