Tesco Club Credit Card

johnnydude84

Hi,

Was hoping someone could clarify something with regards to my Tesco Clubcard Credit Card (the one with 16 months interest free on purchases).

What is the minimum payment?

I understand it to be £25 each month.

But if I were to spend the maximum amount on the card, £4000, would it still be £25 a month during that 16 months or is a percentage after a certain limit.

I read that the offer last year was 1%. So anything above £2500 would have been more than £25.

Hope this makes sense.

Any help would be brilliant.


Regards,


JD

Estateprincess

It always says on my statement what that months minimum is.
Most months it has been £25.00 but it did go up to £33 when my balance was roughly £ 3,400.

HTH

johnnydude84

OK.

That's good. So that suggests it is 1% of the balance. That's good to know. I know it says on the statement but I am about to make some big purchases for my first house so wanted to check that I have enough money to cover the minimum payments for now.

At 1% it will be fine but if it was like 10% or 20% then it may have been too much of a struggle.

Thanks.

[Deleted User]

Just to clarify, it's 1% plus fees and interest, or £25, whichever is more.