Alternative to Egg Money?

Kaynem

Egg have now closed applications for the Egg Money card and from what ive read its been for a few months now.

Are there any alternatives?

NickX

Not really, although you may be able to use an MBNA run card in this way. There will probably be an additional Balance Transfer fee though and bear in mind that MBNA cards are not designed to take positive balances so it may ring alarm bells.

lisyloo

Be aware that some positive balances are not insured.
Some lenders insure their money (debit balance) but do not insure your money (credit balance) against theft or fraud, so it should be carefully considered.

Egg money is different because it is intended to be used that way, but most credit cards are not designed or inteneded to carry a posistive balance.

rodent

lisyloo wrote: »

Be aware that some positive balances are not insured.
Some lenders insure their money (debit balance) but do not insure your money (credit balance) against theft or fraud, so it should be carefully considered.

Egg money is different because it is intended to be used that way, but most credit cards are not designed or inteneded to carry a posistive balance.

True ...but if it can be proved that they have cleared your funds into their "coffers" legally they are bound to give it back ...it using this method i seriously doubt that anyone would be leaving it there for more than a few days ??!!

But there is a very simple way around this !
(as time served stoozers will verify !!this is what we did B4 EM ---and still do !) just create a negative bal on mbns ir eg by BTing to your bank acc ..then use non SBT card to clear mbna bal when promo period is up .



NEXT !!!!!!!!!!!!!>>>>>>>>>>>............


The Rodent