Tesco CC no charges for withdrawing cash abroad

Francophile

Just received an email from Tesco saying:-[FONT=Arial, Helvetica, sans-serif]• [/FONT][FONT=Arial, Helvetica, sans-serif]Use your Tesco Credit Card to pay for your Tesco Travel Money and pay no cash
advance fee[/FONT] [FONT=Arial, Helvetica, sans-serif]• [/FONT][FONT=Arial, Helvetica, sans-serif]Enjoy 0% commission on all foreign currency and travellers' cheques[/FONT]
also


[FONT=Arial, Helvetica, sans-serif]• [/FONT][FONT=Arial, Helvetica, sans-serif]Use your Tesco Credit Card to pay for your Tesco Travel Money and pay no cash
advance fee[/FONT] [FONT=Arial, Helvetica, sans-serif]• [/FONT][FONT=Arial, Helvetica, sans-serif]Enjoy 0% commission on all foreign currency and travellers' cheques[/FONT]Seems pretty good to me. Anybody see any catches?

YorkshireBoy

Francophile wrote: »

Anybody see any catches?

Your post title seems a little misleading, being as the text/link does not mention withdrawing cash abroad...only buying currency/travellers cheques before you travel.

King_Of_Fools

Francophile wrote: »

Anybody see any catches?

The exchange rate given.

Francophile

Sorry that didn't copy very well from the email. The following is from their site. I searched the site for the exchange rate and can't find it. Do you know what it is King of Fools?

• 0% Commission on all foreign currency and foreign currency travellers cheques
• For every £250 of foreign currency or foreign travellers cheques you buy in store, we'll give you 25 Clubcard points¹
• Competitive exchange rates
• Pay with your Tesco Credit Card and there is no Cash Advance fee! - This offer is not available to Tesco Business Credit Card customers
• We'll buy back any unused foreign notes and travellers cheques commission-free - no matter where you bought them!
• We're open Monday to Friday 9am-8pm, Saturday 9am-6pm, Sunday 10.30am-4pm

jonesMUFCforever

There might not be a cash advance fee but I'm pretty sure that you will incur interest on the amount withdrawn immediately.

NickX

jonesMUFCforever wrote: »

There might not be a cash advance fee but I'm pretty sure that you will incur interest on the amount withdrawn immediately.

I also think this will be the case. Same deal as with Abbey Zero card.

KTF

This just seems to be Tesco trying to sell their foreign exchange service rather than trying to match Abbey Zero.