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Tesco CC - Confused on T&C.

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MrsAnnie
MrsAnnie Posts: 679 Forumite
edited 27 May 2009 at 11:38AM in Credit cards
I was planning to apply for the Tesco CC to fund a purchase of about £1000 and take advantage of the 12 month interest free period. I was assuming that the interest free period meant that as long as I paid at least the minimum monthly payment each month I would have 12 months to pay for the purchase off in full.

So I am confused with the T&C of the Tesco CC as taken off their website.
Interest Free Period
  • Maximum 51 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time.
Am I misunderstanding 'interest free periods' ? Will I only have 51 days to pay for the purchase in full, not 12 months?

Thanks for your advice.
I have learned that success is to be measured not so much by the position that one has reached in life as by the obstacles which he ha
s had to overcome while trying to succeed. Booker T Washington

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    The reference to 51 days is their 'standard' conditions which will apply once your promotion offer of 12 interest free is over.
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