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Egg some good news
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colinw
Posts: 59,967 Forumite
in Credit cards
Asked Egg if BT charge was retropective and got the following reply:
Thanks for your message.
This charge is not going to be backdated to those customers that applied before the 1st May 2005.
The charge will also not be applied for balance transfers made during the anniversary period or for standard rate balance transfers.
Only customers that apply after the 1st May 2005 and who make a balance transfer during the introductory period will get charged.
Thanks for your message.
This charge is not going to be backdated to those customers that applied before the 1st May 2005.
The charge will also not be applied for balance transfers made during the anniversary period or for standard rate balance transfers.
Only customers that apply after the 1st May 2005 and who make a balance transfer during the introductory period will get charged.
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Comments
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This seems like a fairly clever move by Egg. If stoozers use their credit cards simply for the limited 0% period and then cut them up, Egg will continually be losing customers when their deals run out. Realising that Egg Cards have other benefits that stoozers, regardless of 0% deals, want (use as mule, cashback deals etc), by not back-dating the BT fee T&Cs, Egg ensures stoozers are far more inclined to keep their card, while at the same time cutting down on new people's ability to stooz on them. Clever!
Am I seeing to much into Egg's move? Crediting them with too much intelligence?There may be no I in TEAM but there's a ME if you look hard enough!0 -
Thing is, I reckon the vast majority of stoozers keep their Egg cards anyway, for use as a mule and for the anniversary offers.Only customers that apply after the 1st May 2005 and who make a balance transfer during the introductory period will get charged.
This seems to imply that post-1st May cardholders (I'm one of them!) will not be charged for BTs made after the introductory period. That would be great as we can then still use it as a mule and take full advantage of the anniversary offers.
I'll ask Egg about this when I get a chance.
Edit; that would also mean that pre-1st May and post-1st May cards would be identical, after the introductory offer is over.
*This is pure speculation (and hope) on my part
*
Any thoughts?0
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