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jetsetwilly_2

Cheers guys. Done the BT from Egg Money to Barclaycard (fee free lol).

Will move it to ING saver then start spending on Egg Money once I reach my 2k limit on MS (1% Cashback)

Just got my cheque from MS for last years cashback. £69.33 not bad at all

icebergx

This is a quote from there FAQ about purchases that incur interest.

'If a transaction gives you a negative balance you will be charged interest on the negative balance from the date of the transaction.
Example:
Day one, you have a positive balance of £100.
Day three you make a transaction for £300, leaving you with a negative balance of £200.
Interest will be earned from days one to two and interest will be charged from day three.'

Does this mean that if my ballance is £0.00 or £0.01 and I purchase something for £500 I'll have no interest free period? BUt, if I was on -£0.01 and made the same purchase I'd get upto 50 days int. free and then pay 6.9% APR (typical)?

This sounds like a bad deal if I'm right.

YorkshireBoy

icebergx wrote:

This sounds like a bad deal if I'm right.

I'm happy to confirm you're wrong!

icebergx

Thanks mate.
I'm off to apply!!!

jetsetwilly_2

I have £4500 in Egg Money thanks to the BT with Barclaycard. No idea how to get the £4500 into my current account then onto my savings account. Seems you can only move money too EM, not from it?

HGLTsuperstar

Send egg a secure message asking to do BACS transfer of your positive balance to your linked account (i.e. the one your direct debit is set with), and get them to email you back to confirm its been done.

hilary1

Just to join in the egg money thing:

I've just applied for an egg money card mainly to transfer money to it then to my bank (while it pays 5%), and because it pays 1% on purchases (but doesnt have an aniversay I believe) instead of .1%.

Egg said I should keep both cards so I can do an aniversary transfer but buy purchases with the egg money card to get the higher rate cash back.

From what I've read here does egg money take the money from a positive balance when you make the purchase so you dont have any free days rather than having a payment date and taking the whole amount owing? if so would that mean doing a bt to egg money and transfering it to the bank before making any purchases so you couldnt go into a negative balance? I dont want to end up in the proverbial s**t with my new egg money card.

I've also got a Barclaycard with a 10k limit (eggs 1k for some reason) and 'm wondering if it would be a good idea to ask for a 0% bt that new customers get since I've been with them about 10 years. Why dont cards offer incentives to long term customers rather than just new so they keep the business?