Egg card question

bridiej

We've got to find £1,000 this week and I was thinking about transferring £1,000 from Egg into a bank account so we could then pay from the bank account.

BUT i can find nothing on Egg's website to say what interest rate would be charged on this money - is it their standard 14.9%?

p.s. Cant pay by card as person we're giving the money too cant accept credit cards!

Reaper

If it is in the 0% promotional period then it is nothing. If outside then it is the standard rate.

EDIT: I should have mentioned 2 more things:

1) If outside the promotional period you will be charged from the day of the transaction, there won't be the month free you get with purchases.
2) Make sure you do a balance transfer, not a cash advance.

bridiej

Thanks Reaper!

We've solved the problem now as the person is happy to wait until after Xmas for payment - phew!!! :P