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Tesco CC & Travellers Cheques
someone
Posts: 839 Forumite
Hi All
I was wondering if anyone has used travellers cheques to snooze from the Tesco Clubcard Credit Card.
If I have read it correctly you can use your card to create a purchase on tesco travel money. Sterling Travellers Cheques have a 1.25% commission. Whilst it is treated as a purchase it is deducted from your Cash Advance limit (mine is on the letter that the card came with 30% of the credit limit). So 30% of the limit given to me is £750, taking into account the commission I can get £740 worth of Sterling Travellers Cheques and pay them into the bank.
My main bank say they dont allow Travellers Cheques to be deposited, but I believe others which I also have current accounts with do for free (Lloyds TSB, HSBC).
Have I understood that all correctly?
Anything I should know?
And do Tesco allow that cash advance limit to be lifted?
I was wondering if anyone has used travellers cheques to snooze from the Tesco Clubcard Credit Card.
If I have read it correctly you can use your card to create a purchase on tesco travel money. Sterling Travellers Cheques have a 1.25% commission. Whilst it is treated as a purchase it is deducted from your Cash Advance limit (mine is on the letter that the card came with 30% of the credit limit). So 30% of the limit given to me is £750, taking into account the commission I can get £740 worth of Sterling Travellers Cheques and pay them into the bank.
My main bank say they dont allow Travellers Cheques to be deposited, but I believe others which I also have current accounts with do for free (Lloyds TSB, HSBC).
Have I understood that all correctly?
Anything I should know?
And do Tesco allow that cash advance limit to be lifted?
0
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Thanks, corrected it in the first post0
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