Egg Card

miller75_2

I have received an email from Egg telling me they are increasing my APR to 26.9%, has anyone else had this? I have never been late on any payments so its not anything I have done wrong

Fruit_and_Nut_Case

miller75 wrote: »

I have received an email from Egg telling me they are increasing my APR to 26.9%, has anyone else had this? I have never been late on any payments so its not anything I have done wrong

The Barclaycard regime begins...

fozmcfc

Just as important you do know that you can reject the rate.

Although that does mean your card will be close and you need to continue to pay it off at the current rate.

miller75_2

fozmcfc wrote: »

Just as important you do know that you can reject the rate.

Although that does mean your card will be close and you need to continue to pay it off at the current rate.

I dont actually owe that much, I have started buying and selling cars to make some extra cash and I use the card to buy parts and pay it off when I sell them. The bulk of what I owe is my traders insurance but I will hopefully have this payed off in the next couple of months. I just find it unbelievable they put it up this much, I was only a 18 months or so ago it was costing me something like 6.9%.

fozmcfc

The 6.9% surely must have been an introductory rate though. Then it reverts back to standard rate IIRC 18.9% then of course it gets higher and higher.

My Egg card APR is the highest of my 6 cards, I believe it's either 21.9% or 23.9%

Only kept it cause it's my only Visa card and I always pay the balance in full each month, so the APR doesn't really matter

It got to the high APR because in my bad old days, I use to owe thousands on it and used it a lot for cash withdrawals, paying the minimum most months.

So like many report on the forums, the higher the balance gets and/or the more you just pay the minimum, the higher the APR seems to get.

scott_lithgows

fozmcfc wrote: »

Only kept it cause it's my only Visa card and I always pay the balance in full each month, so the APR doesn't really matter

Co-op members visa credit card would get you cashback......

January20

I received an email from Egg yesterday saying they are increasing my interest to 21.9%. My first thought was also that the Barclays regime is starting. I too think of myself as a good customer, but they obviously don't agree! Or rather they are so greedy they would rather risk losing me, thinking I'm unable to pay my balance quickly. Fools!

Under the summary of the change, there is a paragraph entitled: "You have a choice" which tells you how to inform them that you do not agree with the change, and you can close your account and carry on paying the balance until it is completely paid off. This is exactly what I am going to do. And then face life without a credit card! How exciting! Or I might pay off the balance, keep it open, I've been known to change my mind !