Tesco card

rolls99

Have a Tesco card that hasn't been used in ages.

Received an offer letter, 14 Months 0% BT.

I was actually thinking of using (as I used to) the card for shopping anyway for the extra points - we normally accrue about £100 of vouchers per year without using it, doing so would bump that up slightly.

The following text in the letter has me confused!

"Please remember that you will pay interest on any purchases, even if the balance is paid off in full each month"

Now, since the card would be paid in full (it won't be getting used to Balance transfer) each month, as it would be paid as soon as the statement arrives (or checked) would this limit the interest?

Is this a slightly ambiguous way of them saying "there is no interest free period on purchases"?

A bit odd since it was the case in the past!

chunkychocky

I got that letter too, but the statement actually says:
You will still be charged interest on any purchases you make, even if you pay off the full purchase balance each month.

So, you would still have a balance if you have done a balance transfer, even if you paid off the purchase balance each month, therefore you would not be eligible for an interest free period on purchases if you also have a balance transfer.

rolls99

chunkychocky wrote: »

I got that letter too, but the statement actually says:
You will still be charged interest on any purchases you make, even if you pay off the full purchase balance each month.

So, you would still have a balance if you have done a balance transfer, even if you paid off the purchase balance each month, therefore you would not be eligible for an interest free period on purchases if you also have a balance transfer.

Just reread it, you are correct.

So, BTing to it takes away the interest free period - got you - thanks :T