Egg ARRRGGGHHH

Chadsman · 1 May 2005 at 11:35AM

Balance transfer fee For all new customers who apply after 1 May 2005 a handling fee of 2% will be applied to balance transfers made in your introductory balance transfer period (except where we tell you otherwise). The maximum handling fee is £50.
:eek:
http://new.egg.com/visitor/0,,3_11080--View_148,00.html

houmie · 1 May 2005 at 11:45AM

What are you talking about, it says:

0% interest until 1 February 2006 on balance transfers from credit/store cards, overdrafts and loans, then at 14.9% pa variable. For each balance transfer there is a 2% handling fee (maximum £50).

Chadsman · 1 May 2005 at 11:54AM

They are now charging new applicants 2% for BTs (capped at £50) where previously there was no handling fee.
I saw it only after I had just applied 5 minutes ago

Tho it will still be useful as a mule once the intro period is over... provided they dont introduce a charge for everyone.

houmie · 1 May 2005 at 12:11PM

Sorry, I can't see that on their site. Where do you see that?

Chadsman · 1 May 2005 at 12:22PM

Read the last line of your own post!

houmie · 1 May 2005 at 12:50PM

Oh...I was thinking the last sentence belongs to the "then (feb 2006)..." from the last sentence. ;o)

Well this means the dead of free BT's.

RubberDucky_3 · 1 May 2005 at 1:22PM

I see they have upped there introductory period from 6 months to 9 months though. So it's not _that_ bad I suppose.

Use this to calculate your gains: http://www.whatsthecost.com/stoozing.aspx

Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

RD

YorkshireBoy · 1 May 2005 at 1:30PM

RubberDucky wrote:

Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

From the Egg "small print"...

===============
4. Interest and Credit Charges

4.1 For customers who apply ****between**** 1 May 2005 and 30 May 2005.
===============

johnllew · 1 May 2005 at 1:32PM

http://new.egg.com/visitor/0,,3_33970--View_1070,00.html

4.3 If you applied for your Card from 1 May 2005 we may charge a handling fee of 2% (maximum fee £50) of the amount of:

each Transferred Balance made during the introductory 0% interest rate period; and

each Transferred Balance made under a Special Promotion.

Milarky · 1 May 2005 at 1:52PM

Does this mean that those new cardholders can still use the card for transfers outside of the promotion periods - as a 'mule in other words - and not be charged a fee? It does look like that.

BTW I'm on my second anniversary transfer, currently. Do we get a third one in 2006 as things stand or is it restricted to two years running does anyone know?

[Thanks]

Chadsman · 1 May 2005 at 8:36PM

RubberDucky wrote:

Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

RD

Excellent point! :T :j
I think you have just saved me £50 :beer:

Egg ARRRGGGHHH

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