TESCO CC beware

Premier_2

discoass wrote: »

did u actually read my post...this was not about going over my limit ,more so the fact that tesco cc moved their goal posts but didnt alter mine,now if that is fair in yr little head so be it ,its just not fair in mine :eek:

If you hadn't gone over your limit, you wouldn't have suffered the default charge(s).

Simples :cool:

discoass

Premier wrote: »

If you hadn't gone over your limit, you wouldn't have suffered the default charge(s).

Simples :cool:

i accepted the fact i went over the limit what i didnt accept is the fact because the start of my next period fell on a sunday(5th) the applied the interest and charges on the 3rd(fri).they then charged mmr for being od for a second period from 5th to 30th . and not the 3rd -30th therfore putting me od in 2 periods rather than one charging me twice for the same thing .

YorkshireBoy

discoass wrote: »

so its ok 4 them to start their new period on the 3rd but mine starts the 5th

I don't understand this comment?

There is only one date...the statement date...which will vary month by month as you have found out.

For future reference, the "estimated interest next month" figure is only relevant under a certain set of conditions, which are explained on the statement itself. If you continue to spend, whilst not taking this into account, then you always run the risk of going overlimit...especially if you're running your finances so close to the wire (for which I'm sure you think you have a good reason to do so).

And finally, all credit cards operate this way...not just Tesco.

danothy

discoass wrote: »

.bunch of t****.

discoass wrote: »

now if that is fair in yr little head so be it

There's no need for this kind of abuse, especially towards another member

discoass wrote: »

if banks/cc companies were made to update their systems instantly (not in their intrest to do this) then things like this would happen less.

discoass wrote: »

my bank doesnt apply charges this quick why should tescos be allowed to.

Wouldn't updating their systems instantly mean they applied charges instantly too?



From what I can tell from your OP is seems that Tesco charged you for a legitimate reason (which you accept), then you got stung again because they'd processed it early and it overlapped two payment periods, and now you've got it resolved and refunded, so why all the anger?

discoass

danothy wrote: »

Wouldn't updating their systems instantly mean they applied charges instantly too?



From what I can tell from your OP is seems that Tesco charged you for a legitimate reason (which you accept), then you got stung again because they'd processed it early and it overlapped two payment periods, and now you've got it resolved and refunded, so why all the anger?

i put this up to make others aware ,and the anger is ,i spent over an hour resolving it, and thirdly this kind of thing gets my goat .

discoass

YorkshireBoy wrote: »

I don't understand this comment?

There is only one date...the statement date...which will vary month by month as you have found out.

.

no they charged me once for going od 3rd -5th (as it was the 3rd i went od due to early interest been applied) then again for being od 5th -30th the next period instead of 3rd-30th

YorkshireBoy

discoass wrote: »

i put this up to make others aware ,and the anger is ,i spent over an hour resolving it

The only reason you got it "resolved" is because it was cheaper for them to do so rather than spending time explaining why you got the two charges (by referring you to your T&Cs). Others may not be so lucky.

and thirdly this kind of thing gets my goat .

But it won't happen again now you know how it works will it? Thats another result for you.

davethorp

discoass wrote: »

last month i was charges £12 od fee because my interest put me £4 over the limit

You reckon that's bad. My CC provider once charged me because the interest sent me 8p over my limit. I did get the charge refunded but it was of course my own fault for sailing so close to my limit on statement day

discoass

YorkshireBoy wrote: »

The only reason you got it "resolved" is because it was cheaper for them to do so rather than spending time telling you why you got the two charges (by referring you to your T&Cs). Others may not be so lucky.But it won't happen again now you know how it works will it? Thats another result for you.

cant quite see how refering me to T&C would have resolved it .
where will it say we can move to the earliest working day however you can still stay on a sunday

YorkshireBoy

discoass wrote: »

cant quite see how refering me to T&C would have resolved it .
where will it say we can move to the earliest working day however you can still stay on a sunday

I've closed my Tesco card earlier this year so don't have the T&Cs to hand. Have you looked at yours to see?

In essance though, debits (ie purchase transactions, charges, interest, etc) and credits (ie your payments, refunds, etc) are applied at the start of the day...and the statement is closed off at the end of the day. Therefore you'll find it very difficult/nigh on impossible to avoid 2 x £12 charges for a single overlimit breach of your T&Cs when interest is applied at close of business on your statement date (as it always is).