Egg card increases form 21.9% to 26.9%

julieb3

Help me!

Egg said they sent me an email in feburary saying i could opt out of the above and i did not realise this until today. My father passsed away so i have been all over the place. I am livid that my minimum payment has gone from £133.41 to £148.94 and interest on my account has gone from about £80.00 to £99.75. The limit is about £4,900 and i am trying so hard to get it down but this has just devestated me. I called them and they said i can't get out of it. They said if i opted out of the "increased interest" i would not have been able to use the care. Well i don't use it anyway for goodness sake. How on earth can i sort this out? Please help me

97trophy

Your only other option is to get a balance transfer to another credit card.

Paul_Herring

The email was indeed sent in February - a few threads sprung up back then, the longest being http://forums.moneysavingexpert.com/showthread.html?t=1465207

Sadly it looks like you're stuck with the new rates since you didn't 'cancel' the card in time.

Weeyin

Yeah, i would just vote with your feet and balance transfer. I've had my rate increased several times by MBNA, and although i did freeze the account after the last increase, i feel my current rate is excessive (27.9%):eek:
I managed to get a BT to Barclaycard (6.8% APR, no BT fee) for most of the amount and will pay of the remainder ASAP. I'm well shot of them:rotfl:

pre123

julieb3 wrote: »

Help me!

Egg said they sent me an email in feburary saying i could opt out of the above and i did not realise this until today. My father passsed away so i have been all over the place. I am livid that my minimum payment has gone from £133.41 to £148.94 and interest on my account has gone from about £80.00 to £99.75. The limit is about £4,900 and i am trying so hard to get it down but this has just devestated me. I called them and they said i can't get out of it. They said if i opted out of the "increased interest" i would not have been able to use the care. Well i don't use it anyway for goodness sake. How on earth can i sort this out? Please help me

if you dont use the card, then whats the problem with opting out... it will save you on the increase in interest charges and the minimum payment will go down,. so you will save nearly £20 a month in interest along which could go towards repaying the actual debt

by far the best option is balance transfers, 0% for over a year and only 2.5-3% charge for it saving you many £££'s

check out Best Balance Transfers on this site under Card Loans,
should help with it all

and gd luck