Tesco credit card

Options
Hall1107
Hall1107 Posts: 3 Newbie
in Credit cards
I have been with tesco credit card for 2 years on 0% balance transfer, today i rang them and found out my 0% has ran our last month, i dont recall recieving any letters from them to remind me even though they said that they have. Now i have been charged £1000 on interest on top of my balance. Is there anything i can do to get them to write this off i have allways made regular payments and have just forgot to balance transfer as i have so much going on at the minute. Help!

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    No. You need to keep an eye on your statements and manage your finances.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Name Dropper First Post First Anniversary
    Options
    At their representative 18.9% APR, the monthly rate is 1.4531%.

    Assuming your £1,000 interest figure covers 2 months, then that means you had a circa £34,000 balance...and an even higher credit limit to accommodate it!

    Try and make it a little more convincing next time. ;)
  • Hall1107
    Hall1107 Posts: 3 Newbie
    Options
    They told me the £1000 interest is for the 2 year 0% balance that i havent paid off, my intitial balance was £1800 and today they told me £2800 please tell me they are wrong
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    What has been appearing on your statements?
  • SnowTiger
    SnowTiger Posts: 4,459 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Options
    Hall1107 wrote: »
    They told me the £1000 interest is for the 2 year 0% balance that i havent paid off, my intitial balance was £1800 and today they told me £2800 please tell me they are wrong

    On the face of it, that's wrong.

    However, as is often the case, I suspect you've forgotten to tell us a few important details.

    My first thoughts are that you've been spending on the card and haven't been paying attention to your statements.
  • Hall1107
    Hall1107 Posts: 3 Newbie
    Options
    I have just rang Tesco bank to clarify the charges, and... they have MADE A MISTAKE!!!
    They dont know why the agent this morning told me that and the correct charge is £26! Thank you for making me question this!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards