Moving same debt around to Egg

smilie

Hi

Just wanted some advice on the Egg CC.

I want to transfer some debt to Egg to take advantage of a 3.9% rate for a few months, but then I want to transfer it to another CC, and then transfer the same debt back to Egg to take advantage of the 0% anniversary period.

Will Egg let me do this?

All help appreciated!

Milarky

Yes, this ought to work. Once the debt is moved on from Egg at 3.9% to card 'X' [i.e. 'X' pays the balance off Egg when you request], you then have a clear field. Your anniversary Egg offer allows you to transfer up to 95% of your credit limit [which you should consider requesting Egg raises for you during the run up to that date] at 0% for five months - but only if performed during the initial month. Move the balance now sitting on 'X' back to your Egg card [a balance transfer 'to' Egg] and they will consider that it has come from a non-Egg debt even though they are just re-advancing their own money.

I take it that you are just using a standard credit card to move balances off of and back to Egg with no special rate? [There would be some interest to pay due to the time required to turn around the debt]

smilie

Thanks for that!!

Thats better than my alternative option of leaving the debt on my MBNA card (at 9.9%!) for a couple of months until the 0% Egg anniversary offer comes up again.