• What is a Cash Transaction fee?

    When you use your credit card to make a ‘cash-like’ transaction, you’ll be charged a Cash Transaction fee. Cash transactions include:

    • Gambling transactions - these include using your card to buy lottery tickets, online gambling sites such as bet365 and Gala Bingo as well as traditional bookmakers like William Hill
    • Buying foreign currency from anywhere other than Tesco Travel Money – so if you use your Tesco credit card to buy your currency from other providers such as M&S, you’ll be charged a cash transaction fee. This also covers the purchase of cryptocurrencies such as Bitcoin or Coinbase.com
    • Payments to prepaid or virtual cards such as Parentpay, Nimbl, Western Union, etc
    • Wire or international money transfers through companies such as Transferwise, MoneyGram, Azimo, etc
    • Finance payments such as repaying borrowing (e.g. loans, mortgages and credit cards) – this includes student loans, store cards, car finance repayments, Klarna etc
    • Investments and share trading where you purchase shares/commodities using companies such as Trading 212, Plus500, eToro, etc
    • Spread betting with companies such as IG.com, City Index, etc
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