We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Lifetime rate on Egg credit card
money007_2
Posts: 1 Newbie
in Credit cards
Hello, this is my first post on the forums, although I have been receiving the weekly email for many months. I hope someone can help please!
To summarise, what I would like to know is has anyone else ever been offered a 'life of balance' balance transfer rate from Egg (or even better, the same 1.9% offer as I took up, see below).
Having had an Egg credit card for a few years, I started to use the annual 0% balance transfer offer each year.
However, around the turn of the year 2005/6, I received (through the post I think) an offer of 1.9% balance transfer for the lifetime of the balance. I decided this was preferable, so went for it. As I have never used the card for purchases, and have the mimimum payment set up on Direct Debit, all seemed to be in order, and I stopped checking the online statements each month (yes I know...).
When I checked the other day, it seems I have been charged 16-18% for the last few months. I called up and they claimed the 1.9% rate was never for the lifetime of the balance, but only 5 months. I need to find evidence of the lifetime offer or they will not refund the interest. I hope I can find the letter in my old files.
Checking my old emails, it seems that at around the same time, they were offering a similar 1.9% deal, but only for 5 months. I started to think I had gone mad and made a huge mistake, but I vaguely remember that there was another offer at the time, and that I had checked that I was going on to the lifetime rate when I called up to make the original transfer.
So, what I would like to know is has anyone else ever been offered a 'life of balance' balance transfer rate from Egg (or even better, the same 1.9% offer as I took up).
Many thanks
To summarise, what I would like to know is has anyone else ever been offered a 'life of balance' balance transfer rate from Egg (or even better, the same 1.9% offer as I took up, see below).
Having had an Egg credit card for a few years, I started to use the annual 0% balance transfer offer each year.
However, around the turn of the year 2005/6, I received (through the post I think) an offer of 1.9% balance transfer for the lifetime of the balance. I decided this was preferable, so went for it. As I have never used the card for purchases, and have the mimimum payment set up on Direct Debit, all seemed to be in order, and I stopped checking the online statements each month (yes I know...).
When I checked the other day, it seems I have been charged 16-18% for the last few months. I called up and they claimed the 1.9% rate was never for the lifetime of the balance, but only 5 months. I need to find evidence of the lifetime offer or they will not refund the interest. I hope I can find the letter in my old files.
Checking my old emails, it seems that at around the same time, they were offering a similar 1.9% deal, but only for 5 months. I started to think I had gone mad and made a huge mistake, but I vaguely remember that there was another offer at the time, and that I had checked that I was going on to the lifetime rate when I called up to make the original transfer.
So, what I would like to know is has anyone else ever been offered a 'life of balance' balance transfer rate from Egg (or even better, the same 1.9% offer as I took up).
Many thanks
0
Comments
-
No, never been offered a life of balance rate, but when I called to cancel the card last year, I was offered 1.9% for 5 months with no fee.
DJ0 -
mine was 1.9% aswell with no feeneed to have a lightbulb moment0
-
I had an offer of 5.9% lifetime balance transfer in December last year with no fee and then 0% for 3% fee for five months in January (despite being told I would not be offered 0% in January when I emailed in Dec, I needed a loan anyway so took the 5.9% which suited me better.
There are always loads of offers around from Egg to different people.I started with nothing and I am proud to say I still have most of it left.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards