Egg Money

DilbertJones

If I have not yet received my Egg Money card, but the account is active in the online system, can I start the ball rolling with a BT??

I want to transfer my limit to Egg Money from my Morgan Stanley card in order to pay off a loan making it a low APR.

I could do with getting the loan paid up before my next payment is due on the 1st April.

Thanks for your help.

lisyloo

I don't know about Egg specifically but I have certainly done balance transfers before getting card.

However are you sure you have the right card?

It's the standard Egg card that does 0% BTs and not Egg money.

YorkshireBoy

lisyloo wrote:

However are you sure you have the right card?

It's the standard Egg card that does 0% BTs and not Egg money.

I think robodan is transferring a ficticious balance from Egg Money to the Morgan Stanley card, thereby creating a positive balance on Egg Money.

DilbertJones

YorkshireBoy wrote:

I think robodan is transferring a ficticious balance from Egg Money to the Morgan Stanley card, thereby creating a positive balance on Egg Money.

Thats correct Yorkshire Boy

wagster_2

My account was activated today but still not received my card but it let me do a BT no problem

DilbertJones

excellent news, so i cant BT a made up debt to my egg money card, then transfer to my bank to pay off my loan hopefully beating my next loan payment date!!!

grumbler

YorkshireBoy wrote:

I think robodan is transferring a ficticious balance from Egg Money to the Morgan Stanley card...

robodan wrote:

Thats correct Yorkshire Boy

robodan wrote:

excellent news, so i cant BT a made up debt to my egg money card ...!!!

................

DilbertJones

ok grumbler i get your point.

jeez, he's a no it all aint he

lisyloo

OK, I understand, but there are plenty of savings accounts where you can get a better rate.

DilbertJones

lisyloo wrote:

OK, I understand, but there are plenty of savings accounts where you can get a better rate.

what on earth do you mean?

I wish to transfer my £2800 limit to Egg Money therefore making it a +ve balance, use this to pay off my loan which is 18.9%

therefore effectivley moving my loan to a 5.9% LOB rate which i think is rather good

lisyloo

Sorry I misunderstood.
I thought you were just stoozing and getting 4% interest on a credit balance at Egg money, which is OK but not the best rate around.
Obviously my mistake, sorry.