Egg ARRRGGGHHH

Chadsman

Balance transfer fee For all new customers who apply after 1 May 2005 a handling fee of 2% will be applied to balance transfers made in your introductory balance transfer period (except where we tell you otherwise). The maximum handling fee is £50.
:eek:
http://new.egg.com/visitor/0,,3_11080--View_148,00.html

houmie

What are you talking about, it says:

0% interest until 1 February 2006 on balance transfers from credit/store cards, overdrafts and loans, then at 14.9% pa variable. For each balance transfer there is a 2% handling fee (maximum £50).

Chadsman

They are now charging new applicants 2% for BTs (capped at £50) where previously there was no handling fee.
I saw it only after I had just applied 5 minutes ago
Tho it will still be useful as a mule once the intro period is over... provided they dont introduce a charge for everyone.

houmie

Sorry, I can't see that on their site. Where do you see that?

Chadsman

Read the last line of your own post!

houmie

Oh...I was thinking the last sentence belongs to the "then (feb 2006)..." from the last sentence. ;o)

Well this means the dead of free BT's.

RubberDucky_3

I see they have upped there introductory period from 6 months to 9 months though. So it's not _that_ bad I suppose.

Use this to calculate your gains: http://www.whatsthecost.com/stoozing.aspx


Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

RD

YorkshireBoy

RubberDucky wrote:

Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

From the Egg "small print"...

===============
4. Interest and Credit Charges

4.1 For customers who apply ****between**** 1 May 2005 and 30 May 2005.
===============

johnllew

http://new.egg.com/visitor/0,,3_33970--View_1070,00.html

4.3 If you applied for your Card from 1 May 2005 we may charge a handling fee of 2% (maximum fee £50) of the amount of:

each Transferred Balance made during the introductory 0% interest rate period; and

each Transferred Balance made under a Special Promotion.

Milarky

Does this mean that those new cardholders can still use the card for transfers outside of the promotion periods - as a 'mule in other words - and not be charged a fee? It does look like that.

BTW I'm on my second anniversary transfer, currently. Do we get a third one in 2006 as things stand or is it restricted to two years running does anyone know?

[Thanks]

Chadsman

RubberDucky wrote:

Also Chadsman you quoted "Balance transfer fee For all new customers who apply ***after*** 1 May 2005..."

Today is the 1st if i'm not mistaken (i.e. it's not after 1st May yet) !! :->
I couldn't find the text you quote on the web site though.

RD

Excellent point! :T :j
I think you have just saved me £50 :beer: