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Egg advice please?
cpu
Posts: 392 Forumite
in Credit cards
I have an Egg card and an Egg Money card. I moved some of the available limit from one card to another to cover a BT I made a while ago so the limits are now £10k Egg / £1k Egg Money. Both accounts have now been raised to 16.9%. Nothing owing on either of them.
If I close the Egg account, should I transfer some of the available limit from Egg to Egg Money first? Can't think why this would benefit me but I'm concerned I'm missing something?
Thanks for any advice.
If I close the Egg account, should I transfer some of the available limit from Egg to Egg Money first? Can't think why this would benefit me but I'm concerned I'm missing something?
Thanks for any advice.
0
Comments
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No-one got an opinion? I assume there's no benefit since no-one has replied to say otherwise.0
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I had a £10000 limit with Egg and a £2000 limit with Egg Money. When I cleared my egg card at the end of the 0% balance transfer anniversary offer I closed it and asked them to transfer the £10000 limit to Egg Money. effectively reducing my overall limit from £12000 to £10000. They would not do it, nor would they (computer I assume) entertain £5000 so be careful how you pursue your plans. A phone call to them I believe just will generate a computerised request from the agent you are speaking to.
John0 -
I bought my season ticket with my Egg Money card. I doubt there is enough of a limit on your Egg Money card to do that in my circumstances. Perhaps bump it up by a few thousand.
I had saved up the money for a season ticket so I eventually got 1% back by using Egg money. I got a months free interest on the Egg money card before paying it off. I also aquired interest free loan for the cost of the season ticket and put the money in a mini-cash ISA, thats at 5% per annum.
J_B.0 -
I agree - be careful as they're very stingy with the Egg Money card limit...MFW #185
Mortgage slowly being offset! £86,987 /58,742 virtual balance
Original mortgage free date 2037/ Now Nov 2034 and counting :T
YNAB lover
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Thanks for the replies. I've got no plans to use the Egg Money card for anything other than maybe as a mule, so I don't think having a higher limit would be any better in that respect. I was in two minds whether to get rid of both of them but there's something holding me back for some reason.
Maybe I've subconsciously got a feeling of a fantastic new Egg offer that's just around the corner. :rolleyes: 0 -
He he - let us know of any premonitions, they may come true :T :beer:MFW #185
Mortgage slowly being offset! £86,987 /58,742 virtual balance
Original mortgage free date 2037/ Now Nov 2034 and counting :T
YNAB lover0 -
The behaviour of some credit card companies is so predictable, you don't need a crystal ball
People who don't know their rights, don't actually have those rights.0
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