Egg card fee for a credit transfer

animalmagic_2

Hi. Some where on this site Martin said that you could make money from credit cards by getting an interest free card & transfering the ballance to Egg & then transfering that credit to your bank.
Well I did. I transfered £1500 into my Egg & then transfered it to my bank.I have just received a ballance transfer fee of £37.50 from Egg. So much for this scheme working.

tom188

You are using the wrong card. Egg Money allows fee free transfers, Egg Green does not.

animalmagic_2

tom188 wrote:

You are using the wrong card. Egg Money allows fee free transfers, Egg Green does not.

Thats a mistake I didnt see, I wonder how many others have made the same.Thanks for reply

YorkshireBoy

The Egg Card, or Egg Green, does allow fee-free transfers - but not during an introductory, anniversary, or other special promotion period.

animalmagic_2

YorkshireBoy wrote:

The Egg Card, or Egg Green, does allow fee-free transfers - but not during an introductory, anniversary, or other special promotion period.

Just to make it more confusing

YorkshireBoy

animalmagic wrote:

Just to make it more confusing

It's not confusing at all, if you read the T&C's...

7.2 We will charge:

a handling fee of 2.5% on the amount of each Transferred Balance made during an introductory offer period or made under a Special Promotion;

animalmagic_2

I complained to Egg about this & they have agreed to refund the fee.Very quick response too.Good customer care.

Milarky

animalmagic wrote:

I complained to Egg about this & they have agreed to refund the fee.Very quick response too.Good customer care.

That would be usual on the principle that you weren't informed of a 'special promotion' pending on the account when you did your own transfer (banks often state they will notify you whenever a BT fee does apply) So this could be a general way of getting a fee-free transfer out of Egg (Of course it only works once a month!)

animalmagic_2

Milarky wrote:

That would be usual on the principle that you weren't informed of a 'special promotion' pending on the account when you did your own transfer (banks often state they will notify you whenever a BT fee does apply) So this could be a general way of getting a fee-free transfer out of Egg (Of course it only works once a month!)

They also said to contact them in future to arrange a fee free transfer.I usualy do this with other cards & they send a cheque but Egg seem to want to keep the customer happy unlike other cards.