Tesco Credit Card Query

johnbirt · 30 October 2019 at 4:09PM

Just received my yearly report on Tesco Bank Credit Card. I pay automatically via direct debit so never incur any fees or charges. I have used the card for big ticket items.
The summary for the year says
Total youv'e spent:£7,007.38
Interest:£0.00
Charges:£0.00
How much you've paid back:£7,290.55

Could anyone explain what the paid back amount is please?

Thank you.

John B

BoGoF · 30 October 2019 at 4:14PM

Exactly what is says.

If you are wondering why it is more than the amount spent then that is likely down to a timing issue i.e. you pay for stuff in the month after you spent the money.

[Deleted User] · 30 October 2019 at 4:16PM

It means exactly that.
It could be accounting for refunds as well?

Ben8282 · 30 October 2019 at 4:21PM

I think the amount being paid back is higher than the amount spent as the paid back amount will include the payment from the last statement of the previous 12 month period but lack the payment from the last statement included in the spent figure for this year.

Tesco Credit Card Query

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