My increase on my egg card is to go up by six per cent.

Milarky

My Egg Money has gone from 15.9 to 16.9 (advised by email)

M_Thomson

mrslawrence2003 wrote:

i asked about my egg card - meaning credit card. they replied and said you dont have an egg card........

what is the difference between the egg card and egg money?

The normal Egg Card is a Visa credit card, which allows you to do normal transactions and balance transfers etc. You earn a very small amount of cashback 0.1% on every transaction you make. The Egg Money card is a Mastercard credit card which allows you to do normal transactions, and fee free balance transfers. You earn a higher rate of cashback 1% on all transactions. It differs from the normal Egg Card as when you put your account in credit, you earn interest on the money. The rate of interest is 4% gross.

YorkshireBoy

M_Thomson wrote:

...It differs from the normal Egg Card...

Just to add...

Egg Money doesn't have a cash withdrawal 'fee', although you do pay interest from day 1 if the withdrawal creates a negative balance (or you already had a negative balance).

The 'typical' APR on Egg Money (7.9%) is lower than the Egg Card (16.9%).

Credit limits tend to be lower on Egg Money.

GunJack

I know some people have had a negative response from Egg when querying the hike, but there may be light at the end of the tunnel. Same happened on my Halifax Plat. Visa, letter saying APR rising from 15.9% to 21.9%, so I phoned them to close the account. When asked why, I told them it was because of the rate hike, put me on hold for a minute, came back with offer to REDUCE purchase rate to 9.9% !! kept the card (it's clear anyway), as have had it for about 5 yrs and has large limit for extreme emergencies.

mrslawrence2003

YorkshireBoy wrote:

Just to add...

Egg Money doesn't have a cash withdrawal 'fee', although you do pay interest from day 1 if the withdrawal creates a negative balance (or you already had a negative balance).

The 'typical' APR on Egg Money (7.9%) is lower than the Egg Card (16.9%).

Credit limits tend to be lower on Egg Money.

i wish - my APR is now 16.9% - funnily enough it was only 14.8% a couple of months ago - has been gradually creeping up......and when i queried about doing a balance transfer - was offered the bargain rate of 16.9%!!!!!! :rolleyes:

intreast

i have a b card i got a letter from them the other day that thay where in creasing there rates from 19 to 24 p/c ?????? on there master acard they said it was to make up for bad debt . i was mad and up set . i was watching sky news last nite and there was report hoe barclay card wrote of 2 billion pound stg just on there c cards alone where people could not pay there debts they said it was better for then to write it of as it was costing them money to servive the debt i was even more mad i rang there customer care dept and said this was not fare the man said to me b card has alot of bad debt people have spend money and left the country he also said people refuse to pay and thay also go bank rup he said there is debts of 50.000 pounds on there system where customers can not be trace or they have left the land its not fare may be thats we should do

intreast

there is alot of bad debt in the uk where people can pay there debts back this affects as all the honest people

M_Thomson

intreast wrote:

i have a b card i got a letter from them the other day that thay where in creasing there rates from 19 to 24 p/c ?????? on there master acard they said it was to make up for bad debt . i was mad and up set . i was watching sky news last nite and there was report hoe barclay card wrote of 2 billion pound stg just on there c cards alone where people could not pay there debts they said it was better for then to write it of as it was costing them money to servive the debt i was even more mad i rang there customer care dept and said this was not fare the man said to me b card has alot of bad debt people have spend money and left the country he also said people refuse to pay and thay also go bank rup he said there is debts of 50.000 pounds on there system where customers can not be trace or they have left the land its not fare may be thats we should do

This has got to be the longest sentence ever! Where are you full stops? LOL!

nigel_man

I'm in the same boat but I've decided to sue Egg for substantial breach of contract. I took out my Egg card in 2004, and part of the TOC's that I signed (clause 4.4) I think was that Egg agreed to always display the APR on their website and on my statement. The fact that they've now tried to personalise my APR means that the 15.9% displayed on the website no longer matches the 21.9% on my statement. Since 2004 they have increased the rate 78%, and I've decided its all tantamount to a serious breach of contract, misrepresentation, misselling and the rest of it. The product they are forcing on me now is a totally different product to that sold in 2004

YorkshireBoy

nigel_man wrote:

...I've decided to sue Egg for substantial breach of contract.

Before you start to incur costs, consider...

I took out my Egg card in 2004, and part of the TOC's that I signed (clause 4.4) I think was that Egg agreed to always display the APR on their website and on my statement.

I've been with Egg since early 2005, and in that period their typical APR has been constantly advertised on their Egg Card home page. The typical rate is given to 66% of all successful applicants. The rest are set personal APR's. Your own personal APR is shown on your monthly statement. You can also view it at any other time simply by logging into your account.

The fact that they've now tried to personalise my APR means that the 15.9% displayed on the website no longer matches the 21.9% on my statement.

They've re-assessed your rate, as they're entitled to do under section 17 of your Egg Card T&C's. You're entitled to close your account, on the previous APR terms (if settled quickly) as detailed in the same section 17.