Egg Money World Mastercard - £1 monthly fee!

Former_MSE_Dan

We've our own news story on this too

http://www.moneysavingexpert.com/news/cards/2009/07/egg-relaunches-cashback-credit-card

never-in-doubt

MSE_Dan wrote: »

We've our own news story on this too

http://www.moneysavingexpert.com/news/cards/2009/07/egg-relaunches-cashback-credit-card

However Kavanne posted 1st so maybe a job should be on offer...... ;)

Inactive

never-in-doubt wrote: »

However Kavanne posted 1st so maybe a job should be on offer...... ;)

EGG..sactly ..

never-in-doubt

Inactive wrote: »

EGG..sactly ..

aaaaw mate, you had to go to the EGGstreme didn't you? I tell you, these comedians that EGGaggerate things - tut tut

:rotfl::rotfl::rotfl:

Grade_A_Reject

http://www.telegraph.co.uk/finance/personalfinance/borrowing/creditcards/5796293/Egg-to-charge-annual-fee-on-credit-card.html

Also reported here.

"Existing Egg Money cards will not be charged the fee – and will continue to get the 1pc cashback deal. "

Inactive

never-in-doubt wrote: »

aaaaw mate, you had to go to the EGGstreme didn't you? I tell you, these comedians that EGGaggerate things - tut tut

:rotfl::rotfl::rotfl:

It's no yolk is it......:D

never-in-doubt

Inactive wrote: »

It's no yolk is it......:D

I'm EGG...static with laughter at the no yolking matter!

planteria

im an existing EggMoney customer. glad there won't be a fee introduced for us loyal customers;)

hope that monthly fees dont start to creep in across the market:eek:.

never-in-doubt

planteria wrote: »

im an existing EggMoney customer. glad there won't be a fee introduced for us loyal customers;)

hope that monthly fees dont start to creep in across the market:eek:.

I'm the opposite, I think monthly fee's would be a good thing and stop so many dormant accounts. Put it this way, if I had 3 cards and had to pay for them all i'd soon start to drop some and keep just one (like my banking arrangements) which suits me fine.

Monthly fees for banking was always a Euro/US thing but slowly and surely it's crept into our system and before long the credit cards will follow suit..... a couple of quid a month is fine - after all, they are providing you a service and if you're happy then paying for such happiness is surely worth a couple of quid?

lisyloo

It's bound to creep in because of the reclaiming of unlawful fees.

Whatever you think of the fees, the fact is that the bank need to make a certain profit and hence fees will have to come in across the board.
Banks already try to push their "premium" accounts with monthly fees, so I think it will ultimately all go that way.

Also as already pointed out will save them a fortune in admin on dormant accounts.