Tesco Clubcard Credit Card and 0% purchases

Endstation

Hi,

I have a question I'd like some advice on. I took out a new Tesco Clubcard Creditcard in November, to transfer a small existing balance from a NatWest card and make use of no interest on purchases for at least a year (I forget the exact duration now)

I transferred the balance interest free and made some purchases, at the end of the first month when I got my statement I just paid the minimum amount. No interest as expected.

However, my last two statements I've been charged interest on purchases. The card is supposed to be no interest on purchases so what's going on?

I will phone Tesco but wanted to know if there was something obvious I'm being dim about.

I suppose if I have somehow got the wrong deal that I expected I can just transfer the balance 0% to a new card and be done with Tesco.

Any advice is welcome!
Thanks

Ben8282

http://www.tescobank.com/credit-cards/compare.html


Which one have you got?
You don't appear to know the length of the purchases offer but some of these cards have only 1 month on purchases ....

20aday

It sounds (to me) that because you've mixed both Purchases and Balance Transfers and failed to clear the statement in full that they've applied interest to the full amount.

PeacefulWaters

I'm sure you retained the T&Cs sent with the card.

What do they tell you?

Ben8282

I was thinking that a 1 month offer on purchases is pretty useless; better not to have one at all.

vacheron

I recently took out the Tesco card offering the 0% balance transfer with 0% transfer fee and set it to minimum payments only.

I made a purchase of about £30 at Tescos with it and the next month was charged interest on the purchase (about 90p) but the balance transfer remained interest free, so it has now been consigned to a dusty drawer for the remainder of its life.

So if it was the 0% fee balance transfer card I don't believe there was any 0% purchases offer alongside it.

The reason you paid 0% in the first month is that 1 month is interest free IF you pay the statement balance off in full.
As you were paying minimum payments the majority of the purchase balance carried over to the next statement and so interest was charged.