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

lipidicman

Good plan mary. I will do a test run by asking them to move the cashback to egg savings (cashback on cashback, hah!)

I was also planning on doing this asap

wacko911

The loophole is still working, I moved £1100 from my egg money to my egg savings and have over £15 cash back earned this month ( 400 odd spending too)

HAPPY DAYS!!!

True_Blue_5

Now that many 0% cards are charging BT fees. If this is still less than my mortgage interest rate eg. Card BT fee = 2%, Mortgage rate 5.5% offset. Is it still worth doing ???????? Please Help!!

mor7s_2

lipidicman wrote: »

Good plan mary. I will do a test run by asking them to move the cashback to egg savings (cashback on cashback, hah!)

I was also planning on doing this asap

I have done just this very thing last week and per today's satetment have earned cashback on the cashback :T (albeit only £2), but to me this seems to demonstrate the loophole is still alive and kicking.

I plan to route a chunk of my stooze cash back through egg money to max out the 2007 cash back before they change their mind and possibly pull the plug.

mor7s

FiatDino

Tip top ! Thought the Citibank move would put an end to this devious financial skullduggery, but no .... my £200 cashback has been acknowledged in March's statement and all is well in the world.

Big thanks to Yorkshire Boy for explaining the steps ... you are a gent.

gem4

I have exhausted stooze avenues of no fee 0% cards and just come across this thread. If someone would clarify please?

I do a BACS transfer of £xxx from an ext. savings acc to my egg money card....
then I can transfer the same £xxx from Egg Money to my Current Acc....
then I transfer the same £xxx from my Current Acc back to the ext. saver....

This will give me cashback on the transfer from Egg Money?
This will not incur a balance transfer fee??
This strategy could be used over and over to maximise cashback?

I'm sure I must have this wrong.......or I've been wasting time all this year on regular spending :eek:

YorkshireBoy

gem4 wrote: »

I'm sure I must have this wrong.......

You have!

Do you have an Egg Savings account? If not, get one!

http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1159029441

gem4

OMG :eek: Thanks for that Yorkshire Boy, me off to open an Egg Saving Account pronto! :beer:

sicker

Actually it sometimes works if you phone them and ask to have some cash returned to your linked current account. It happened for me but I think it probably depends on how the sevice person activates the transfer.

John

Muffin99

Thanks YorkshireBoy and the posters on this thread Could anyone shed any light on these sparks for me? Would I be able to get 1% on my rent payments to my parents each month? And would I get 1% on making my credit card payments? I have tried scouting through all the T's and C's on the Egg site, but I'm in need of a bit of know-how from some of you experts :T