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