Hi, can someone clarify if this practice is correct.
The latest statement shows cash transaction interest of 3.99% for spending overseas(shopping, NOT withdrawal via ATM) While spending oversea already charged foreign transaction fee of 2.75%, they are also considered as cash transaction and incur charge, regardless I pay full amount every month.
@erikainosaka Hey there, thanks for getting in touch. There is a 2.75% foreign transaction fee applied when using your card to purchase in another currency. I've included a link which will provide more information on these charges and using your card overseas. Please be aware that exchange rates can change in the delay between your transaction being placed and your card being billed. We'll advise of all charges on your statement when produced. However, I've also included a link to the MasterCard currency conversion calculator in case you need to know how much you will be paying in GBP. I hope this helps.
thanks,ChristopherP. My question is not foreign transaction fee itself, but spending abroad(not cash withdrawal) is categorized as cash transaction/ advance transaction and is charged 3.99% on top of the foreign transaction fee, over two months period even the full amount is paid every month. Is it correct?
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How we collect and use your personal data
Tesco Personal Finance plc, trading as Tesco Bank as part of the Tesco Group take the security of your data seriously. We want you to be confident that your data is safe and secure with us and understand how we use it.
We collect data when you browse our website (e.g. your IP address) and register for the Community. To find out more about how we use your data, our legal basis for processing your data and your rights under data protection laws please view our Privacy Policy.
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Tesco Bank Community Terms of Service v 1.0
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ChristopherP
