Tesco Vin Plus Using Credit Card

jstallan

Hi,

Yesterday, we went to Tesco France to stock up on wine for the summer. At the checkout till I paid using my Tesco credit Card and was offered the choice of paying in GB pounds or Euros. I was unsure if Tesco had their own rate of exchange (i.e. poor), so elected to pay in Euros.

Any advice or experiences ?

John

cifpower

That would mean the credit card adds on a Foreign Transaction Charge. I got that when I bought something from America.

Reaper

You will be hit either way. If you had asked for £ Tesco's bank in France would have creamed a couple of % profit doing the exchange.

By asking for Euros it just means Tesco Credit Card will do the same by loading the exchange rate when they convert it into £. It's just a case of who gets the profit - either way not you. See the Overseas Spending

Now if you had a Nationwide credit card then they don't load at all when doing the conversion, in fact they make a slight loss. If you had one of those you should ask for Euros because then you will be better off.

At least the store gave you the option. Many people have reported shops insisting on doing it in £s and then having the cheek to make you sign to say you were given a choice!