We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Tesco credit card help

shezam
shezam Posts: 565 Forumite
Part of the Furniture Combo Breaker
Hi, recently got a tesco credit card so i could transfer a balance of 700 onto it. 18 months interest free on balance transfers so think i got a great deal!

Its 3 months interest free on purchases. Would this mean if i purchased something today, paid it off in full in 3 months i wouldn't get charged any interest? Thanks! xxx

Comments

  • redpete
    redpete Posts: 4,740 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    As long as you pay the monthly minimum payment they ask for.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • Gromitt
    Gromitt Posts: 5,063 Forumite
    Don't fall into the trap of thinking "3 months = 3 statement periods". Not necessarily. Check the date the deal finishes and make sure everything is paid off by then regardless of what your statement says.

    For example, my MBNA interest free period ends 25th October, but my statement due date is 10th November. So I'd get charged interest between those two dates if I left it.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.