This can't be right, can it? (Egg Money cash back)

central

I don't think the cahback will appear until your next statement.

HGLTsuperstar

Well got next statement and the cashback didnt come through!

tubster

has anyone else had any success with this, or is it all over for credit with bacs transfers now?
Tubster

tubster

Statement through today - and 1 per cent paid on a 2400 transfer via phone: very happy, thanks everyone.

gabthoms

Just had a new statement and have received cashback for 2350 BACS transfer done a couple weeks ago via secure message so it's still possible

tubster

This has worked three times now for transfers @£2000 :T
I think the trick to keeping this open is to move funds every few weeks, and not too much. If this keeps going you could move 2000 back and forth 10 times over say six months to get up to the maximum £200 cashback at the end of the year.

Im a newby stoozer and I've now successfully applied for two 0 per cent credit cards in two months for stoozing about 5000.

A couple of questions - in people's experience, how long do you leave between applications? After you pay a couple of minimum installments, is it worth requesting another little transfer to top the credit back up again, or is it best to leave them alone?
Tubster

cb1964

Just to let everyone know this still works. I have only just started stoozing using Egg Money as mule. I accumulated a pot of just over £20k which I transferred to my main savings account, via my bank account, in four stages. Each time I requested a BACS transfer via the telephone. This morning my statement arrived showing cash back earned of just over £200. The loophole is still open.:D

mary

Did you ring up and ask to do a straight BACS transfer to your current account? Any questions asked. Just about to get £5,000 from A&L 0% for 6 months repeat offer again. Have now got rid of Egg Green and down to Egg Money.

YorkshireBoy

mary wrote:

Did you ring up and ask to do a straight BACS transfer to your current account? Any questions asked. Just about to get £5,000 from A&L 0% for 6 months repeat offer again. Have now got rid of Egg Green and down to Egg Money.

Hi Mary,

Sorry, I can't answer 'your' questions with recent experiences (my successful cashback generating BACS transfers were made several months ago), which is what I think you want. However, if I may I'd like to ask you a couple of questions...

1. Is there a BT fee with the A&L repeat?

2. You say "repeat offer again". Do you mean this is your SECOND repeat offer? (ie an initial 9 months + 2 more 6 month offers?)

---lee---

All,

It appears that the loophole still exists - but to get it, you need to talk to someone at Egg that does not know what they are doing and request a BACS transfer (like I did last Saturday).

I was not aware of the loophole and have just been reading the thread tonight. I've had a few problems with transfers with my Egg account so a supervisor is now looking into it (which means I will lose the cashback earned in error), here are some interesting extracts from his messages to me two days ago:

1st message:

'...I also note that my other colleague ****, has attempted to send the £5000 back to your specified bank account via electronic transfer known as BACS. This must be sent via balance transfer instead due to the amount involved. Please note that balance transfers take 7-10 working days to complete.'

2nd message:

'...After closely monitoring your Egg Money account, I can confirm that the BACS transfer for £5000 has now been sent despite my efforts to block this. This will be in your favour though, as you'll receive the funds sooner than if it was carried out as a balance transfer.

The main reason why I needed to block this, is because BACS returns from Egg Money accounts are classed as purchases on credit balances and therefore accrue cash back in error. For this reason I'll need to remove any cash back as soon as it's applied to your account as a result of this.'.

Lee.