Applying for Egg Money - Credit search

Smitty

If you apply for an Egg money card when you are an existing green card holder, do they do a credit search?

YorkshireBoy

From the Egg FAQ section...

"What checks do you make when I apply for an account?
a) We check our own records for information on: i. Your personal accounts; ii. and, if you have one, your spouse/(personal) partner's* personal accounts;

b) We search at credit reference agencies for information..."

http://www.egg.com/visitor/0,2388,3_79766--View_152-bID_EMonApplyingFAQ-dva_1,00.html#whatchecksdoyoumakewheniapplyforanaccount?

ozskipper

Nope...

I opened an Egg Savings & a Egg Money Manager account and they did a Money Laundering ID Check (ie, a Generic Identification Check) and that was it.

It seems to a good product so far!

Smitty

cheers guys, the card is on its way now either way

the c/l i was offered was about a 1/3 that of green card. Is this usual?

charlie12

ozskipper wrote:

Nope...

I opened an Egg Savings & a Egg Money Manager account and they did a Money Laundering ID Check (ie, a Generic Identification Check) and that was it.

That's because they are not applications for credit.

charlie12

Smitty wrote:

the c/l i was offered was about a 1/3 that of green card. Is this usual?

Mine was about 1/5th of my green card. It's dependent upon many factors.

ozskipper

charlie12 wrote:

That's because they are not applications for credit.

Ahh god, I've gone all dyslexic! I thought it said I applied for an Egg Money Manager account. Jetlag's a beautiful thing! :eek:

Rafter

I think Egg money has a limit of something like 2x your monthly income as a cap, although it is probably reduced if you have lots of credit elsewhere.

I guess if you need more for monthly purchases to maximise your cashback you could ask them to move limit from your green card?

R.