tesco credit card upcoming t&c changes

Chrysalis

Seems tesco in a bid to get their profits under control are activating numerous negative changes to their cc conditions. I will paste below.

Note regarding the balance transfer fee's I think if currently in a zero rate interest period the fee increase does not apply as its a promotional period, but don't rely on my opinion only, I would suggest to get them to confirm.

All of the changes outlined will come into effect from 1st June 2016, or 30 days after receiving this notice, whichever is later. Business customers and Republic of Ireland customers are not affected by these changes.

The key changes we are making are set out below:
1. Handling fee on standard rate balance transfers and money transfers
- We are changing the handling fee on standard rate balance and money transfers. We’re changing the rate from 0% to 3%. This does not apply to any promotional rate balance or money transfers.

2. Gambling transactions
- Gambling transactions are now treated as a cash advance so we’re changing the handling fee for these transactions from 0% to 3%.

3. Transactions in a foreign currency
- Any foreign currency transaction will be converted by Visa or Mastercard on the day they process the transaction, this may be after the day you make the payment or withdraw the money.

4. Credit balances on your credit card
- We may now refund credit balances on your credit card account at any time.

5. Digital card and digital wallet
- We’ve updated your credit card terms to explain how digital cards and digital wallets work with your credit card.

6. Removal of CHAPS payments and replacement card courier service
- We no longer offer CHAPS payments from your credit card or a courier service for replacement cards. Replacement cards are issued by post.

7. Privacy and Data Protection policy
- We’ve improved the wording of our Privacy and Data Protection policy to make it clearer, and have provided additional information on credit scoring, retaining your information, use of Clubcard data and use of fraud prevention agencies.

8. Updated wording
- We’ve updated the wording in a number of sections where we realised that it wasn’t as clear as it could be. This includes updated wording on how we can change your interest rates, fees and charges.

20aday

My interpretation is this: if you request a balance/money transfer without a promo. rate it's a fee of 3% otherwise there's no levy.

Although I've closed my account down now I did get a couple of money transfer offers from Tesco.