Summary Box
| Interest Free Period |
- Maximum 56 days for purchases if you pay your balance in full and on time, and have paid the previous month’s balance in full and on time.
- There is no interest free period on cash advances.
- Interest free period on balance transfers only applies during the introductory period.
|
| Interest Charging Information |
You will not pay interest on new purchases if you pay your balance in full and on time. Otherwise, the period over which interest is charged is as follows:
|
From |
Until |
| Purchases |
From date debited to your account |
Until repaid in full |
| Cash advances |
From date debited to your account |
Until repaid in full |
| Balance transfers |
From date debited to your account |
Until repaid in full |
If the account is not fully cleared, interest will be charged on the average daily balance until full payment is made and credited to your account. Therefore, the longer you take to make a payment, the more interest will be charged. †If you pay the balance in full, any interest charge for the period from the previous statement to the date of full repayment will be debited the following month.
|
| Allocation of Payments |
When you pay us, we use it to pay off Government tax first, and then those items which attract the highest interest rates. If there is more than one item at the same rate we pay off the oldest one first. If account is in arrears, we will pay off the arrears on your account (starting with the oldest) before we put it towards the amount due from your most recent statement. |
| Minimum Repayment |
The minimum payment will be:
- 3% of the new balance shown on your statement; or
- €5.00; whichever is more. However, if the new balance is less than €5.00, you must pay the full new balance
|
| Credit Limit |
| Minimum credit limit |
€250 |
| Maximum credit limit |
Subject to status |
|
| Fees |
|
| Charges |
| Cash advances |
1.50% handling fee, minimum of €1.90 |
| Foreign exchange |
1.75% exchange fee (including purchases of foreign currency and travellers' cheques) |
| Government Tax (Charged annually in April or on the closure of your account) |
€30.00 |
|
| Default Charges |
| Over-limit fee |
€6.35 |
| Late Payment fee |
€6.35 |
| Cheque (payable to us) or Direct Debit cannot be paid |
€4.44 |
|
How to make a complaint
We always aim to provide the highest standard of service on your Tesco Clubcard Credit Card however in the event that you have a complaint, please write to us in the first instance at Tesco Credit Card, Complaints, Po Box 7520, Dublin 2. You can also contact the Financial Services Ombudsman:
Financial Services Ombudsman, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2
Lo Call: 1890 88 20 90
Tel: +353 1 6620899
Fax: +353 1 6620890
Calls may be recorded.
