Tesco CC Credit card help!

ainsley751

Hi all, first post so hope this okay/right

So basically, I got the tesco clubcard around 2 years ago and the interest free period is coming up to end, and it's basically still got my holiday to vegas on it ~£2000 and not paid it due to stupidity/lack of money. Main concern however, is when the 0% interest period ends soon, am I going to be charged a lump of 21 months of interest, or will it be classed as one big payment and they start charging interest from the date it finishes if that makes sense? Any help is greatly appreciated! thank you!

pvt

They start charging interest from the date the 0% offer ends.

You've done exactly what they hoped you would do - ramp up a balance you couldn't afford to pay back, so they can now recover their cost of the 0% deal - probably with just one month's worth of interest.

Your best bet is to try to find another 0% deal with a BT and move your debt to that.

Superscrooge

Try the MSE Credit Card eligibility checker to see which balance transfer card you are most likely to be accepted for.

https://creditcards.moneysavingexpert.com/?balance-transfer&_ga=1.124803402.157308799.1449507210

bigadaj

ainsley751 wrote: »

Hi all, first post so hope this okay/right

So basically, I got the tesco clubcard around 2 years ago and the interest free period is coming up to end, and it's basically still got my holiday to vegas on it ~£2000 and not paid it due to stupidity/lack of money. Main concern however, is when the 0% interest period ends soon, am I going to be charged a lump of 21 months of interest, or will it be classed as one big payment and they start charging interest from the date it finishes if that makes sense? Any help is greatly appreciated! thank you!

You'll be charged at your standard rate on the full balance from the end of your 0% deal. So £2000 at a typical interest rate of circa 2% per month means that you it will cost you £40 per month. Look for another card to transfer to and make sure you have the money available to pay it off when that deal comes to an end.