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Egg - not renewing my card in July.

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Hi

Just thought I would warn other Egg card holders that I have received a letter from Egg today saying they will not be renewing my card when it expires in July.

I have never missed a payment or gone over my limit of £2000.


40SM

Comments

  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Probably cause you are too good a customer and they don't get anything out of you.

    I've just transferred my egg balance to Virgin, so I expected I will get a letter from them when my card is due as I've no intention of spending on it. Don't think it expiries for nearly 2 years though.

    If you do a search on the BBC site, you'll see an article about how Egg were getting rid of customers who basically always pay everything up and have zero balances.
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    fozmcfc wrote: »
    Probably cause you are too good a customer and they don't get anything out of you.

    I've just transferred my egg balance to Virgin, so I expected I will get a letter from them when my card is due as I've no intention of spending on it. Don't think it expiries for nearly 2 years though.

    If you do a search on the BBC site, you'll see an article about how Egg were getting rid of customers who basically always pay everything up and have zero balances.

    Think this has more to do with overall risk now Citi are involved. There were rumours from the BBC about this but never proven nor substantiated.
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • 40somethingmum
    40somethingmum Posts: 2,513 Forumite
    edited 28 May 2009 at 5:30PM
    Think this has more to do with overall risk now Citi are involved. There were rumours from the BBC about this but never proven nor substantiated.

    Probably correct as I also received a letter from CITI today saying they were raising interest on my credit card with them to 26% . AS i have a nil balance with them I have cancelled my card .

    40SM
  • never-in-doubt
    never-in-doubt Posts: 20,613 Forumite
    Probably correct as I also received a letter from CITI today saying they were raising interest on my credit card with them to 26% . AS i have a nil balance with them I have cancelled my card .

    40SM

    blimey - its not a good week for you is it? It kinda proves that it is best to keep a small balance on certain cards - but why should we have to :mad:

    sooooo frustrating! :confused:
    :o 2010 - year of the troll :o

    Niddy - Over & Out :wave:
  • withnell
    withnell Posts: 1,629 Forumite
    Just to buck the trend, I'm an always payer and I've been sent a new card til 2011!

    To the OP - you say you pay off in full each month, but how much do you actually spend on the card? I know every time there's a round of closures many people post saying how they're great customers, pay off in full....then reveal that the card's sat in their sock drawer for the past year
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