Egg Money discontinued?

YorkshireBoy

Not sure what they're going to do with it, but IIRC when they 'pulled' their entire savings range recently it wasn't gone as long as this!

CopperPlate_2

Have read the thread you posted, YB - interesting take on the prospects for the future of the card. Reduction of interest rate on +'ve balance may be a certainty - how can egg justify paying base rate + 2% on a credit card when the majority of banks are cutting savings rates to 2 or less %.

The 1% CB rate appears luxurious in comparison to other CC's, even with the ceiling of £200 pa. Hopefully they don't take an axe to it, but if Citi are looking to recoup profits, there are probably harder ways to claw back a few pounds.

456789

any news on if this is coming back?

Richard019

I don't know what non-Egg customers or people who've already got an Egg Money card can see, but as someone with just an ordinary Egg card I might be able to offer something new (or maybe not). When I use my apply menu Money is still listed though you can't actually complete an application for it. What it brings up is the following (I've tried to recreate it as accurately as possible):

BOX1

Egg Money is taking a break.
We're not accepting new applications for Egg Money at the moment. Come back soon for further information on our website. Watch this space...


BOX2

Existing Egg Money customers
For you nothing has changed, you can continue to use your card and service your account as normal. And still benefit from all of this:
>1% cash back on all purchases.
>4% gross pa/AER variable on positive balances in your Egg Money account.
>24 hour online account management.
>Great offers with selected retailers.

---

I'm not quite sure why the 2nd bit is on a screen that's connected to applications but that's what it says.

Seems like it's good news for those with it as they don't seem to be planning any cancellations, for now at least. The rest of us will just have to wait and see what they come back with when it's relaunched in some form or other.

CopperPlate_2

Still nothing about Egg Money on the Egg site, although it was down yesterday for maintenance. The link above still works for the update page on Egg Money but all reference to it on the main site has been removed.

Will it return in its current form? What is likely to happen with current cardholders? Egg previously migrated (forcibly?) all "Advantage Card: powered by Egg" cardholders to Egg Blue didn't they, when the ACpbEgg was scrapped?