tesco credit card - car insurance

h20polo

hi guys

quick question from me

i am getting a credit card from tesco, 0% on purchases for 13 months. I am looking to use this to pay for my years car insurance in 1 annual amount. My question is just...does buying insurance count as a "purchase" or is it only when you buy something like in a shop? basically will i be charged anything by tesco for doing this? (i know about paying off min amounts etc, just not sure whether this is a purchase)

cheers for help in advance

H

jacko198

I would think that it would just count as a standard purchase. At the end of the day its just an amount on the statement.

YorkshireBoy

It's a purchase. But there may be bigger problems looming if you don't act to protect yourself...

1. Make it absolutely clear to the insurance company that this is a one-off transaction, and that they're not to retain your card details for next year's renewal.

2. Ring them in a month or two to check they have no credit card registered for your account.

3. Do not ignore your renewal documents next year if, at first glance, the premium is too high. You need to check closely to ensure that the policy doesn't auto-renew if you don't contact them. Look for a phrase along the lines of "you don't need to do anything since we'll automatically claim payment from your card ending xxxx".

h20polo

amazing feedback. thanks a lot

make sure i have no credit card registered with who? to clarify in case of any confusion i am using a tesco credit card to pay for the insurance but the insurance is with another company (normal car insurance one)

would be great to hear from you again yorkshire boy

[Deleted User]

h20polo wrote: »

make sure i have no credit card registered with who?

With the car insurance provider. So that it cannot be auto renewed, and worse, renewed after you have cancelled the card at some point in the future.

YorkshireBoy

h20polo wrote: »

to clarify in case of any confusion i am using a tesco credit card to pay for the insurance but the insurance is with another company (normal car insurance one)

Apologies. I've corrected my earlier post.