mule cards

robert_harper_2000

OK I'm confused.

I need cash in my bank again.

I already have an Egg card and so cannot do super balance transfer. I need a mule? Is the following correct?

I can order a new 0% card request a balance transfer to my Egg card and then transfer Eggs now positive balance to my bank account, no fee as it is a positive balance.

Result no fees with any 0% card & cash ready?

The_Boss

No fee if its on the Egg money card but Egg now charge an uncapped fee on transfers so if it is the normal green card then you will be charged. Even if the balance is positive. No reason why you cant SBT again, just make sure the balance is positive.

The egg card is the mule.

YorkshireBoy

Robert, isn't this the same question you asked (and got an answer for) yesterday?

robert_harper_2000

thanks for answering, it's just i'm still confused. I want fee free can't use the egg card as not my anniversary date.

YorkshireBoy

robert_harper_2000 wrote:

thanks for answering, it's just i'm still confused. I want fee free can't use the egg card as not my anniversary date.

Which bit of...

Use a new 0% BT card and transfer a ficticious balance from your Egg Card. SBT/BACS the resultant positive balance money from your Egg Card to your current account and settle your loan from there. You shouldn't incur a fee from Egg for transferring a positive balance.

...don't you understand?

The_Boss

If the balance is positive (i.e. they owe you money), then it doesnt matter that its not your anniversary. Just transfer the positive balance. You actually will not be charged a transfer fee seeing as it is not during a promotional period.

mary

I have just done a positive balance of £15K with my Egg Green card - no fee charged.

robert_harper_2000

Jesus that's excellent. I get it now sorry for being so stupid. Takes some getting round! looking forward to it!

Thanks

mary

Don't worry, I was equally anxious when I first started, especially when you are talking large sums of money that you are not used to handling. You want to doubly make sure you get it right. Just remember, there's no such thing as a stupid question!

mountainofdebt

The_Boss wrote:

No fee if its on the Egg money card but Egg now charge an uncapped fee on transfers so if it is the normal green card then you will be charged. Even if the balance is positive. No reason why you cant SBT again, just make sure the balance is positive.

The egg card is the mule.

and they told me the transfer would be fee free.....

fannyadams

IMHO it would be a bit much of them to charge you for transferring money THEY owe YOU.
I have an email from egg confirming that the positive balance would be transferrred back FEE FREE to the account that they are currently taking the minimum repayments form.