egg money cashback card - confused

evosy1978

hy folks.

I have two questions which i would like answering.

1) when you spend on your egg money card will you be charged interest on the negative balance until you top it back up. Thus canceling out some of the cash back.

2) The other day i bought two plane tickets on the web. I used my egg money credit card as to obtain the cahsback next year. I was charged £7 for using a credit card - this would of been free had it been my debit card. So now i have to spend £700 just to claw that £7 back. Since then i have bought other things and have been charged now a total of £11 for using my credit card. So now i have to spend £1100 before i see any profit.

Can any one confirm this or shed any light on the situation.

YorkshireBoy

1) Incorrect. You still have a maximum of 50 days interest free period (if you only have purchase transactions on your card).

2) Presumably you used the credit card to obtain section 75 protection? Look on the £7 charge as 'insurance', because if anything goes wrong you may be able to sue Egg (if you can't sue the merchant) for the return of your money. If you're unhappy about the £7 charge, or feel you don't need additional protection, then pay by debit card next time.

evosy1978

thanks yorkshire boy.

i didnt know that bout question 1. thankyou.

question 2
so your saying either way im not gona be gaining any cashback in the long run.
if i use my debit card i wont get cashback
if i use my credit card i get charged aswell

So in affect this card only acts as protection if anything goes wrong.
I took it out for the cashback reason only, of which im currently out of pocket.:T

thanks anyway:mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad: :mad:

jimclark1967

You would have been charged the £7 whatever credit card you used, it's nothing to do with Egg. Still better to get 1% cashback than 0% :beer:

JC

Mercuryrising

Exactly, always use the debit card for booking flights.

The only problem is that if you are booking a single flight from a foreign destination to the UK when you have to pay in Euros where you are not allowed to pay using a debit card, just a credit card only. (In London, It can sometimes works out a lot cheaper and/or convenient that way by using different airports for your depature and arrival). But I can't see anyway of avoiding the ghastly fee if you do that.

evosy1978

thanks for replys

jim i dont have any other credit cards only debit cards, and if id known that you get this charge when booking flights, i wouldnt of used the credit card which i was told to use to get the cashback???? Anyway as i stated above ive not only incurred charges from the flights booked but also from booking nightclub tickets and train tickets. so total charges are £11 because it is a credit card so ive gota spend £1100 b4 im in profit.

Now my point is had this of been stated in mse advert that you may get charges when booking certain things, which will in turn cancel out the cashback, i doubt me or many others would have got the card for the reason of cashback.

From now on will be using debit card for everything. thanks for help.:beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer:

YorkshireBoy

evosy1978 wrote:

Now my point is had this of been stated in mse advert that you may get charges when booking certain things, which will in turn cancel out the cashback, i doubt me or many others would have got the card for the reason of cashback.

You can't blame MSE for your failure to read, or understand, the T&C's of the merchants you have used.

Have you (seriously) never heard of a 'credit card booking fee'? These are applied when you purchase holidays, theatre tickets, airline tickets etc. You will even pay such a fee when you book a holiday in a high street travel agency, with most charging 2% - and some capping the fee at, say, £30.

In my (limited) experience, when booking flights you are given a choice of payment methods, and each has it's fee (or not, as the case may be) clearly shown - whether it's as you go along, or at the final invoice confirmation screen.

evosy1978

like i said earlier yorky,

you failure to read - that ive never had a credit card b4 and only posess this one. So NO in answer to your question i didnt no there are credit card booking fees??? As there are no debit card booking fees.

As you say in your limited experience your given a choice of payement. I choose the egg card for the reason of accumilating some so called cash back, and as i said earlier was unaware of any charges.


Also you stated that i blamed mse for my failure to read the t and c`s. I think this is your presumtion, which is also wrong. I didnt blame anyone. I said - had there had been a reference to possible charges i would not of took the card out.

I think the website is an amazing website, as it has helped me out lots of times:money: . that is what the site does - help and give advice, but on this occasion i felt it didnt do as much as it could of.

Anyway my friend dont be dissheartened by my loss of £11 , i spend more than that in a round at the pub, lol take care.:beer:

Joe_Bloggs

Many retailers don't care how they are paid as long as they get the money. Perhaps it is the retailers fault for keeping under wraps that they charge a fee for those using a credit card. This does not happen on the high street where I shop. The egg money card is +1% value for money on the high street.
J_B.

kuohu

evosy1978 wrote:

From now on will be using debit card for everything. thanks for help.:beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer: :beer:

If you're careful it really isn't a problem to use the Egg Money card without getting stung for credit card surcharges, just keep an eye out for them. If you get into the swing of using the card for, for example, supermarket shopping and petrol purchases then you can build the moneyback up. And on things that do incur a surcharge, either use the debit card or only use the credit card if you want the buyer protection.

jimclark1967

evosy1978 wrote:

Now my point is had this of been stated in mse advert that you may get charges when booking certain things, which will in turn cancel out the cashback, i doubt me or many others would have got the card for the reason of cashback.

I agree it's certainly something that could have been included in the article - the main point of which was that if you're going to have a credit card it may as well give you something back.

However, it's still true to say that using a cashback credit card is a more efficient way of paying for 90% of things.

I carry an Egg Money card for most purchases and a debit card for cash withdrawals and anything which charges a fee I don't want to pay.