Tesco 22 month interest free credit card

Robbo26

I have just got this card, as i had a large purchase i wanted to make,  I am now thinking about making another purchase using the card,  but can not find out anywhere ,  If there is a date when the purchase that will be eligible for the interest free period, ends,  on another card i have it is purchases with in 30 days,    Is it the same for Tesco,  even Chatgpt  couldn't help me🤣

molerat

You need to read the agreement that came with the card, the current 20 mth and 14 mth offerings state "on purchases ........ from account opening" so for all purchases made during the whole period.

Robbo26

molerat said:

You need to read the agreement that came with the card, the current 20 mth and 14 mth offerings state "on purchases ........ from account opening" so for all purchases made during the whole period.

That is what it says,  but i am wary,  as that would be too good, and there is usually a catch with these cards.  

CliveOfIndia

Robbo26 said:

molerat said:

You need to read the agreement that came with the card, the current 20 mth and 14 mth offerings state "on purchases ........ from account opening" so for all purchases made during the whole period.

That is what it says,  but i am wary,  as that would be too good, and there is usually a catch with these cards.  

No, there's no catch with any card.  Sometimes people either don't read or misunderstand the T&Cs, but there's never any hidden catches.  It'll be clearly defined in the T&Cs, you just need to make sure you read them carefully.

It's fairly common for the 0% purchase offer to run for the whole length of the promotion - i.e., any purchase made at any time during the first 22 months will be 0%.  Though of course, if you make a purchase in month 20, you'll only get 2 months of 0%.

But some cards do restrict it - for instance, it may only apply to purchases made during the first 90 days.

Robbo26 said:

but can not find out anywhere ....... even Chatgpt  couldn't help me🤣

It will definitely be in the T&Cs, you just need to read them carefully.

I don't think AI would be a very trustworthy source, to say the least.  All banks will have different T&Cs, and will even have different T&Cs for each different product they offer, sometimes even different T&Cs for different customers of the same product.

QrizB

This was discussed a couple of months ago. I think it's only MBNA where the "interest-free on spending" is limited to spending in the first 60 days; with other cards, it's for the duration of the offer.

See 4-page thread here:

https://forums.moneysavingexpert.com/discussion/6611342/warning-mbna-0-for-22-months-credit-card