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Euro cash on Tesco credit card
Any
Posts: 7,959 Forumite
in Credit cards
Hi,
I just bought euros on my Tesco credit card (from Tesco online) only because it said I can for free basically.
It said I won't be charged any cash advance fees etc and literature says it will go against my cash limit, but will be charged at purchase interest rates...
Does that mean that I don't need to pay my bill untill next statement? Ie does everything else like with purchases apply? Anyones knows?
Thanks
I just bought euros on my Tesco credit card (from Tesco online) only because it said I can for free basically.
It said I won't be charged any cash advance fees etc and literature says it will go against my cash limit, but will be charged at purchase interest rates...
Does that mean that I don't need to pay my bill untill next statement? Ie does everything else like with purchases apply? Anyones knows?
Thanks
0
Comments
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In their Glossary of terms they define Cash advances as "when you use your credit card at an ATM or in a bank to take out cash from your credit card account".
And it obviously was neither a BT, nor a Money Transfer.
So, I don't see any reasons for your transaction not to be treated like a purchase.0 -
Well, I also understand it that it will be purchase, but just wanted someone else to cnfirm that my understanding is right...
Because I am buying cash...
If you take cashback on credit card (if they let you) it is also a cash and usually is treated like a cash...0 -
Well, I also understand it that it will be purchase, but just wanted someone else to cnfirm that my understanding is right...
Because I am buying cash...
If you take cashback on credit card (if they let you) it is also a cash and usually is treated like a cash...
If you get cashback from a till (as in £50 tacked onto the weekly shop or something) then it will be treated the same as the rest of the shopping generally, as in a purchase.
However, they won't let you do this with a credit card normally, I've only ever heard of Wilkinson's permitting this.0
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