wayneg
DIS Legend
- Joined
- Jul 24, 2003
- Messages
- 24,139
If you do its probably worth looking at using a better one.
http://www.guardian.co.uk/money/2010/dec/11/foreign-exchange-tesco
They do not use the Visa or Mastercard rate for working out the rate you pay. They use a rate approx 2% lower than other credit cards then take off the advertised 2.75% ontop.
Its well known majority of cards take approx 2.75% but not using the interbank rate is very sneaky.
If todays interbank rate is $1.55 using one of these cards you would get approx $1.47
Or spend $1,000 on a fee free card like PO you would pay £645 use a Tesco card and you would pay approx £680, a £35 fee on every $1000 spent.
http://www.guardian.co.uk/money/2010/dec/11/foreign-exchange-tesco
They do not use the Visa or Mastercard rate for working out the rate you pay. They use a rate approx 2% lower than other credit cards then take off the advertised 2.75% ontop.
Its well known majority of cards take approx 2.75% but not using the interbank rate is very sneaky.
If todays interbank rate is $1.55 using one of these cards you would get approx $1.47
Or spend $1,000 on a fee free card like PO you would pay £645 use a Tesco card and you would pay approx £680, a £35 fee on every $1000 spent.
