Tesco 3% current account

Pincher

colsten wrote: »

Are you saying that people who, in 100% compliance with the Tesco T&Cs, have two Tesco current accounts and a 0% Tesco credit card are greedy pigs and unattractive? If so, you have an awful lot of apologising to do to an awful lot of people.

Yes, and that's why I started with "I don't know why", so I didn't have to start this train of indignant reaction.


There is a family I know, they abused the no-quibble guarantee so much, from a well known department store, that they withdrew the policy, for EVEREYBODY. Not John Lewis, in case somebody asks. This is decades ago. Their persistent haggling and taking advantage really annoys me.


I had a garage sale once, and an old lady bought a copper planter for £2, and then wanted to fill it with soil from my garden. I thought it was cheeky, but said yes, but there were bystanders who sneered.



These promotional sweeteners are loss leaders. I treat them like Christmas presents, willingly given, happily received.


If you had guests who gobbled all the smoked salmon in sight, what would you do?


1. Don't invite him/her again.


2. No more salmon at parties, just inedible ASDA canapes.


3. Ration it somehow.


None of which fosters a happy atmosphere.


I would rather the guest behaved himself in the first place.


Amusingly, the people who turned up at Charing Cross, and intimidated the staff so much, that they closed the stand in fear of mobbing, didn't get the Colgate electric tooth brush. I did, through the post. So much more civilised.

Pincher

Dan83 wrote: »

I've got the credit card in question. Can I withdraw £3000 cash with out paying fee's/interest?

No. You need to have a credit card balance to transfer.


There are more than one deal as well, so you need to have the one that has long term (ish) 0% Balance Transfer.

AlanP_2

I realise I am slow and dense but how does transferring a £3k CC balance to the Tesco card give me £3k to invest / save?

Surely the £3k goes from Tesco to Visa or whoever.

YorkshireBoy

Pincher wrote: »

No. You need to have a credit card balance to transfer.

...or another credit card that is not unhappy to refund a positive balance directly to your high interest current account.

Pincher

AlanP wrote: »

I realise I am slow and dense but how does transferring a £3k CC balance to the Tesco card give me £3k to invest / save?

Surely the £3k goes from Tesco to Visa or whoever.

Good point. It's a chicken and egg situation.


The idea is that you could have paid off a £3,000 credit card debt, and end up with no cash and no debt, but you CHOOSE NOT TO. The self-contained nature of the TESCO configuration is inherently safe, since you have £3,000 in the current account to pay back the debt owing any time you want.


I like the TESCO 0% BT deal, because it is NO FEE.


It's got a Worm Ouroboros quality, which I find pleasing.


I set it up so the monthly interest generated by the current account feeds the credit card minimum payment. This means the monthly top-up is ~£25, instead of ~£30.

colsten

Pincher wrote: »

Yes

In which case, you seem to have some really screwed up standards. You find it 'cheeky' to comply with a bank's terms and conditions, and you think it is ok to call people that do comply "greedy unattractive pigs". You also don't appear to think you should apologise to those people.

To spare myself from reading any more of your horrible insults, I have put you on ignore.

Pincher

colsten wrote: »

In which case, you seem to have some really screwed up standards. You find it 'cheeky' to comply with a bank's terms and conditions, and you think it is ok to call people that do comply "greedy unattractive pigs". You also don't appear to think you should apologise to those people.

To spare myself from reading any more of your horrible insults, I have put you on ignore.

I also think people who don't help with the dishes in the kitchen selfish pigs, but I usually say nothing. Somebody asked "Why?" here.


Merry Christmas.

bigadaj

Pincher wrote: »

Didn't I start that sentence with "I don't know why"?

It's like when they give away freebies in shows, like pens, Frisbees, etc. I don't really like to take more than one, unless I'm getting one for somebody else.

Greedy pigs are not attractive.

You don't seem to have followed the logic of these bank accounts.

When they started there were no limits, when people got really greedy and had several accounts with the one bank, which is when they placed restrictions on them.

In this case the restriction is two, which they have clearly stated. So if you choose you can have two but not three, some limit you to one, or one plus a joint account. Bank of Scotland allow three so don't even consider them, they are full of greedy pigs!

Pincher

My logic is if I take one free pen, it's giver wants to give, taker wants to take. If I keep going back for more, it's greedy.


I just got the free Sunday Times, and free coffee from Waitrose.
I also bought some stuff. I maximise the discount deals, too.


These are loss leader promotional deals.
If you run a business, you would find it rude if people keeps coming in for freebies, and never buy something you can make money on.


Let's just say that we all have a different border from cheeky to greedy. It's just how far you push it.

Dan83

Pincher wrote: »

I set it up so the monthly interest generated by the current account feeds the credit card minimum payment. This means the monthly top-up is ~£25, instead of ~£30.

That's a really good idea.