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Credit Cards

How much do I pay for cash withdrawals and cash transactions on a Tesco Bank Credit Card?

You can use your card to make cash withdrawals of up to £300 per day at a cash machine (subject to any cash machine limit) , over the counter at a bank or from a cash provider. 

You can also use your card to make cash transactions. Examples of cash transactions are gambling transactions (lottery tickets, scratch cards and betting etc), wire or international money transfers, repaying borrowing (e.g. loans and mortgages), purchasing foreign currency outside of Tesco Travel Money, payments to prepaid or virtual cards, investments, share trading and spread betting.

Depending on the type of transactions, a fee will be applied:

  • Cash withdrawals  3.99% handling fee (minimum charge of £3.00)
  • Cash transactions – 3.99% handling fee (no minimum charge)
  • Foreign exchange fee - 2.75% handling fee (no minimum charge and this is applied in addition to any cash fees)

For more information on transaction types, your APR and interest rates, please refer to the summary box which can be found on the back of your credit card monthly statement or the Terms and Conditions that you received with your Tesco Bank credit card.

We also confirm all interest on fees on your monthly statement which can be viewed via Online Banking or our Mobile App. If you are unsure if the transaction will be classed as a purchase or a cash transaction, then please check with the retailer or merchant and ask them how they will process the transaction.

For more information on using your credit card overseas, you can view the following FAQ:
What do I need to know before using my Credit Card abroad?

Comments

I thought I had opened a 0% interest credit card, but am being charged 2 lots of interst each month and don't understand why?

Hey @jchallenger, sorry to hear you've been charged some unexpected interest. So we can look into this for you, can you please send us a private message with your full name, DOB and postcode? 

Who do I send the private message to?

Apologies. Please search for user Tesco-Bank and send the private message there. 

Hello my name is  Mrs Jane Young .  My Tesco credit card expires 5/20 .  Will I receive a new credit card within the next month . 

 

**Mod note** Sensitive information has been removed for security reasons

Hi @JB711, thanks for getting in touch! We issue your renewal card around 2 weeks before the end of the month in which your current card is due to expire. If your card is due to expire at the end of May then you'll receive the new card before the end of the month.

Hi ..I have had a refund paid into my credit card account. I want to transfer this money into my current account ( different bank )  .

How do I do this ?

Thank you ..Nighthawk 

Hi @Nighthawk, thanks for getting in touch. If you have a credit balance on your account, you can request a refund for your exact credit balance on your account as a money transfer. You can do this through online banking or the mobile app. Please note, you can only request a money transfer to move the amount of funds you are in credit by and not the amount refunded to you by the merchant. For example, if you received a refund of £300 yet are in credit of £200 (showing as -£200), please only transfer the £200. I have attached a link to show you how to do this. When we process this type of refund sometimes a money transfer fee will be applied in error. If you see this appear via online banking or the mobile app then don’t be alarmed. If you’ve only transferred the exact amount you are in credit by, we'll automatically refund this fee within 7-10 working days. I hope this helps! - Keigan 

 

https://yourcommunity.tescobank.com/t5/COVID-19-updates/Help-with-your-Banking/ta-p/33019