Egg Loophole Discussion Area

mr.steve_2

That's great! That makes sense, thankyou.

System

Hi Martin,
can u advise on following,
i have an egg card with still 2 months interest free still
to run,will i be able to take advantage of this offer after the 2 months or will i have to wait until the anniversary of opening same.
cheers ,
peter

Milarky

Egg is not one of those card issuers which automatically increases your limit - you have to ask them in person.

As a tip, therefore, anyone who has already got a 1st March 'anniversary' transfer can still request a limit increase between now and the end of the month, and do a further balance transfer at 0% within that time [Have I got that right? Transfers aren't limited to one in number, as far as I know!] Anyone still waiting for their anniversary has time to arrange for the largest limit they can between now and then [and then again 12 months later!]

Edited 12 March 11 PM:
Just to add that a credit limit increase can be requested online [go to 'service Egg Card' and select the option] and was approved immediately! The last time I emailed - and maybe this facility wasn't available - and they had me submitting the request through the post! So good on Egg for getting that right!

creditman

I think you are wrong about Egg not increasing credit limits. They have increased mine several times without me asking.

pioneer31

Can I find my credit limit before making a full application?

and also......does the 0% 5 months anniversary deal start from one's particular date of application or is it fixed from March 2004?

???

System

I've had an egg card for quite a while now. How do I find out the anniversary date? It's not apparent on my account page. Should I dig through my paperwork to see if I can find the original agreement?

Tamsyn

Matti_2

Tamsyn, the easiest thing to do is send them an email.

I have been corresponding via this method to find out answer to some of the questions i have about this offer.

i knew that i had to clear my balance before doing the BT, else i would charged interest on the purchases, and pay back the BT before these costs are reduced. (this is how egg will make there money no doubt, as martin has mentioned).

my question to them was can i transfer the balance now that my account says £0, or should i wait till the statement is issued saying i owe £0. there answer was to wait for the statement to be issued and i should then not cause any confusion about what my payment was for this month. after the statement is issued then i can BT and incur no interest payments. hence i won't use my egg card for the next 5 months.

they also told me i would get the anniversary offer in Sept/Oct this year again for 0%, although they didn't say how long that period would for, maybe less than 5 months. we'll see 8)

i have increased my limit to take advantage of this offer, so should make a tidy little profit.

Andrew1_2

I'm confused about the whole aniversary thing. If I take all my debt out of my Egg card, and then transfer it back in I get 0% for whatever period (Any period is better than nothing). But when do I need to do it?

Thanks for your help all!

A

System

Martin: I currently have about £1000 on a Marbles Card that I transferred just over six months ago. I transferred it from an Egg card to get 0% for six months. I haven't cancelled the Egg card (just cut it up) so does this mean I can transfer it back and take advantage of the 0% for five months of the year? I don't want to apply for another and become a tart!

PHOEBE_2

:)Hi Martin
my position at this time, is that i have a debit balance of £6175.51 wiht Mbna at 0% interest rate until October and i have the Barclays 0% rate until debt is paid. So what would happen if i transferred the MBNA balance to my existing egg card which is at a nil balance having transferred previously the debt to MBNA ??

I am not sure if your are say that in 7 months time i have to transfr to another card maybe and then transfer back? If so do you think that the 0% rates on egg will stay or wiill they change.? and what about rates in general - will they be better than egg's 13.9%?


thanks from confused Pat