EGG card anniversary rip off

sizzleofbarum

The Egg Card anniversary balance transfer offer now has a 2.5% charge for only 5 months of 0%. Its a total rip off and advertised only in the small print so returning customers like me get ripped off. Don't you be next!

alictait

Quite a large thread about here on this, most of us long term egg customers have cancelled their cards because of it - damn shame

frivolous_fay

I thought about cancelling... but it's still a good stooze mule card!

alictait

Egg money card is better

Paul_Herring

sizzleofbarum wrote:

The Egg Card anniversary balance transfer offer now has a 2.5% charge for only 5 months of 0%. Its a total rip off and advertised only in the small print so returning customers like me get ripped off. Don't you be next!

It's worse than that. They charge interest on the charge since it counts as a 'purchase.' I worked out yesterday that their 2.5% charge on a 0% BT actually comes to around 5.3%AER.

frivolous_fay wrote:

I thought about cancelling... but it's still a good stooze mule card!

As Alictatit implied, apply for Egg Money (4% on positive balances, no BT charge) then cancel your Egg Card.

GH

I e-mailed Egg to tell them this new deal was pants and they replied that they felt sorry I felt that way! Made me feel a lot better that.

Innys

Is this for all Egg Credit Card customers? I've had mine for a couple of years so if it applies to me too I think I'll ditch the card. Having said that, the anniversary is at least 6 months away, so maybe they'll have a change of heart in the meantime...

jaydani

Have today received an email from Egg about the anniversary offer however it actually states:

'Get 0% interest fixed until 1 january 2007 on any balance transfer throughout August 2006. And better still - there are no transfer fees topay'

Nothing in terms or conditions about a fee -am I missing the point?

richgirl

sizzleofbarum wrote:

The Egg Card anniversary balance transfer offer now has a 2.5% charge for only 5 months of 0%. Its a total rip off and advertised only in the small print so returning customers like me get ripped off. Don't you be next!

Allways read the small print

Yes its not longer a viable card for stoozers, but still good for those with large revolving debts.

jaydani

There is small print on the email but it says nothing about a transfer fee.

Having searched this site it looks like a few people have got away without a fee (although don't know what would make us so special).

Can't see how they can charge one if they have specifically said there isn't one.

nrsql

Think it depends on when your anniversary is.
Mine is next January and I don't get it.
Thought all the free ones had finished but maybe not. It's worth ringing them to confirm it. If they say you have a fee then tell them what the email says and get them to check as you would be an exception.