Tesco credit card cash advance

chriz1

Hi,
I'm look at buying a £700 car privately, I will need to pay using my credit card by cash withdrawal.
I would be paying this off by April, would anyone know what the charges would be for this? I can't make heads or tails of their T&C's!

[Deleted User]

Probably 3-4% fee, then daily interest.

grumbler

chriz1 wrote: »

I can't make heads or tails of their T&C's!

Check your monthly statement instead.

YorkshireBoy

£8.75 (if you do it the right way).


Disclaimer: I've had to make more than one assumption!

Doctor_Duke

You'd be fine doing this but too many cash withdrawals on a credit card spooks some lenders and at worst they reduce your limit. One or two probably fine but normally there is a daily limit of £500 worth checking T&Cs with Tesco to be sure.

YorkshireBoy

There's almost certainly also a 'cash limit' on the card, typically 30-50% of the credit limit, so you're going to need a circa £1,400 - £2,100 credit limit on the card.