Does the Egg Money Card Offer Protection?

mr_fishbulb

Does the Egg Money Card offer the same sort of protection as other credit cards for purchases over £100 or is it classed as something different.

Sorry if this has already been asked - the search doesn't seem to be working at the moment.

grumbler

Apparently yes.

The Consumer Credit Act 1974 lays down certain requirements for your protection which should have been complied with when this agreement was made. If they were not, we cannot enforce the agreement without getting a court order.

The Act also gives you a number of rights:

1) You can settle this agreement at any time by giving notice in writing and paying off the amounts you owe under the agreement.

2) If you received unsatisfactory goods or services paid for under this agreement, apart from any bought with a cash loan, you may have a right to sue the supplier, us or both.

3) If the contract is not fulfilled, perhaps because the supplier has gone out of business, you may still be able to sue us.

However, for me it is not very clear : ...If they were met... you may have a right to sue ... you may still be able to sue us.

Without doubts protection applies when the card is used as a pure credit card, i.e. is not preloaded ...

mr_fishbulb

Thanks very much. I won't be using it as a pre-loader because my current account pays more interest than egg money.

highet

have the cashback amounts suddeny changed today - i'm sure currys and apple were offering 10% cashback yesterday thro egg money card but today i can only seem to get a different screen offering 5%

charlie12

Looks like it has changed highet That's disappointing - I was planning to do some orders with both Apple and Currys in the next month.

Fingers crossed that this is an error...