Tesco credit cardholder protection plan

[daccafarm]

Hi

I am trying to get clarification if the cardholder protection plan on my Tesco card in the years 2000 - 04 were in fact PPI.

 

The amount changed each month depending on how much I had spent. I did not have a balance on the card as it was paid in full each month, many times overpaid. I think in the 4 years I only got charged interest a few times. Also on the same card we had a yearly Sentinel protection paid once per year.

 

What I am confused about is if this was in case my card got stolen, why would the amount fluctuate? surely it would be a standard price per year or month.

 

I have read the date for claiming CPP has ended but I have also read that only applied for CPP between 2005 - 2014.

 

So before I go to Tesco I would like to know if it is worth it and also what I had been sold

 

Any advice appreciated

[dx100uk]

Treat as PPI

 

http://www.consumeractiongroup.co.uk/forum/showthread.php?351586-TESCO-PPI-Vs-Cardholder-Protection-Plan

[maroondevo52]

They will want you to send in the FOS complaint form.

 

http://www.tescobank.com/help/complaints/ppi/

[daccafarm]

Thanks for the advice, I was on another forum and they were adamant it is card protection for loss. But if that was the case why would I pay more for a higher balance. I think it changed in 2005 as I was searching and it was showing policies sold after this date were in fact purely for theft purposes.

 

I had no need for PPI as I had a zero balance every month and only took the card fot the clubcard points

[rosequeen]

If you paid the Tesco Cardholder Protection on a monthly basis then it must be PPI. Do you have any insurance policy documents that came with the credit card when the account was opened? Why not ring Tesco Bank and ask them for clarification? You might be able to claim a refund of the Sentinel annual premiums.

[dx100uk]

read that thread I linked too