Egg money credit card

MrsJayJay

Has any money-savers got this? I like the sound of 1 per cent cash back but don't know how much I need to spend to get the fee back (£12 a yr)

dazza.mk

You would need to spend £1,200

IWantToBeFree_2

I have been using Egg Money for over 2 years now and the vast majority of my expenditure goes through the account meaning that I get close to the £200 cashback limit on a yearly basis. Because its an older account, I don't pay the £12 yearly fee so everything is pure profit.

Cashback cards are excellent if you have the disapline to pay them off in full every month.

INT1

I wouldn't use egg if they paid me (without paying them £12!)

The tacticts citi and egg use are very clever and very sneeky. I used to like my bright green egg card (is it still bright green?!)

Citi card no longer offer a cashback card so you have to apply to get a egg card and they charge you £12 a year priv.
That's fine they are looking after the long established egg customers (for now) but obviously not the longstanding citi customers that got a letter giving us the opt to take up the pay per month egg card :mad:

withnell

aldo wrote: »

I wouldn't use egg if they paid me (without paying them £12!)

The tacticts citi and egg use are very clever and very sneeky. I used to like my bright green egg card (is it still bright green?!)

Citi card no longer offer a cashback card so you have to apply to get a egg card and they charge you £12 a year priv.
That's fine they are looking after the long established egg customers (for now) but obviously not the longstanding citi customers that got a letter giving us the opt to take up the pay per month egg card :mad:

It's the only card on the market that offers 1% pure cash back - and they cover the cost of providing this by the charge, which favours regular use as the holder's main credit card

thor

For people following this forum I reckon it is a fair bet that Egg Money is the most popularly held card since it is ideal for stoozing. However now that they have started charging a fee I can see new users being put off and could backfire on their citi owners.

[Deleted User]

dazza.mk wrote: »

You would need to spend £1,200

Only to break even. If you're spending under about £4000 a year, something like a 0.5% cashback card works out better. I'm ditching my Egg Money for a Barclaycard Cashback.

withnell

billbennett wrote: »

Only to break even. If you're spending under about £4000 a year, something like a 0.5% cashback card works out better. I'm ditching my Egg Money for a Barclaycard Cashback.

The actual break even figure vs a 0.5% card is £2400 a year, so 200/month

Jennifer_Jane

withnell wrote: »

The actual break even figure vs a 0.5% card is £2400 a year, so 200/month

I would think this is easily possible for most people. I'm a pensioner living on my own, and spend over £200 a month easily on the card. And if you wanted to boost up your spending, then you can pay your Council Tax on it too.

I think I would take out the card even with the £12 charge (and remembering the possibility of future stoozing).

Sadly the card is no longer bright green - I still find it strange using a black card.

Jen

lisyloo

And if you wanted to boost up your spending, then you can pay your Council Tax on it too

Are you sure?
Perhaps your council takes cards, but I don't think many councils do, to be honest.
But you are right, a lot of people will spend £200 a month on household food alone and most people use petrol or a train ticket.

Cashback isn't as good as it used to be unfortunately.
I've got an AMEX card and I've put family and business spending on it.
Also paid hotel/meal bookings when out as a group.
Had no problem racking it up, when putting other people's spending on it as well.

Joe_Bloggs

Credit card companies do charge a merchant fee. Thus it costs the seller of a service to receive payment via a credit or debit card. My local council introduced a 1.5% credit card fee thus it was not worth using Egg Money any more.

I was not deterred. I now pay my council tax from a Halifax reward account that rewards deposits amounting to over £1000 for a bonus of a net £5 each month.

J_B.