Have you had your Egg credit card closed? Take part in our poll...

catgil

nearlyrich wrote: »

Well as I said last week I seemed to fit the profile of people who were having their cards cancelled but this week I got an email offering a 0% ...strange or what?

Quoted from email
If you've got credit card, loans or overdraft balances elsewhere then now's the perfect time to transfer the lot to your Egg Card.

From now until 29 February 2008 you can move the lot to your Egg Card at a rip roaring rate of 0% until 6 September 2008.From 7 September 2008 you'll pay your then current standard variable rate on any balances remaining from those transfers. *For each transfer made, there is a 2.5% balance transfer fee.

I got one of those emails too, only the fee stands at 3%. I emailed Egg to see if thats instead of my Anniversery offer. No reply as yet. I'm still expecting a letter though.

shortstuff1

Found this in local paper......

http://www.thisisderbyshire.co.uk/displayNode.jsp?nodeId=131596&command=displayContent&sourceNode=124371&contentPK=19839130&folderPk=55129&pNodeId=124522

lisyloo

I did email them yesterday and ask them to increase my credit limit to about double and they refused. I was somewhat put out (limit is currently £3500) and wrote and asked why but didn't get an explanation.

I used to have £15K on Egg an only £3K on Egg money.
I asked them to increase my limit on Egg money but was refused (I wanted to buy an expensive watch for my husbands 40th birthday and get cashback).
My credit record is very good.

I appealed and was told that the Egg money product is different.
It's designed to be pre-loaded at the beginning of the month and hence you don't need such a big limit.
Obviosuly there are people like you and me who do not want to use it in the envisaged manner but jsut for cashback.

Since then I requested a £500 increase and it ws accepted.
So my advise is - increase it slowly.
I think you asked for too much in one go.

Alternatively get a capital one card with a £7.5K standard limit.
They are picky about who they accept but cashback is the same and you get 2 free experian reports per year.

hedgehogg

I havn't read thru the whole of this thread so sorry if this has been raised before.

Surely if they are now not offering me the service of a 'Credit Card' then I should be paying my balance back at a different interest rate say the same as my loan with egg 7.5%.

Any one have any ideas on how we as a group could go about this?

madkitty

no-one has been able to suggest anything yet hedgehod - I pm'd martin as well but havent heard anythign yet :-(

funky04

Originally Posted by HugoSP
My experience isn't included in the above but I have a perfect credit rating, with no missed payments on my file.

I applied for an egg card via quidco, one of a number of via quidco applications I made.

Computer said NO

All the other CC applications I made were successful

Oh, and I have an egg internet savings account.


................................................
Same thing happened to me today..........when I applied for Egg money it said no and that I was already registered........... the only egg card I had about 6 years ago I cancelled because I never used it much, it appears all my details are still on their database, so it looks like this is why I wasnt accepted.
I never get statements and although I cancelled by phone it appears I am still registered.

kingkano

lisyloo wrote: »

Alternatively get a capital one card with a £7.5K standard limit.
They are picky about who they accept but cashback is the same and you get 2 free experian reports per year.

Many thanks. Have had the CapOne card for 6mths (my wife for years!) and even after seeing many tv ads had completely forgotten/not known about this service. Very very handy

Sola

It's official - Egg don't know what they're doing.

They wrote to me last week to say they're cancelling my card as of 6th March 2008. Fine, I thought - I'll pay off the balance bit by bit.

Today they issued me with a new card valid until March 2010. I logged onto the activation page to see who I should contact to sort this out as I don't want a replacement card, and it tried to ask me if I wanted card repayment protection. I clicked on No and got the message 'Sorry, this is not available to you. You may be approaching the age of 65 or may not be paying National Insurance.'

I'm 40 years old, a higher rate taxpayer, and pay shedloads of NI each month!

So now apparently my new card is activated and ready to use, presumably for a matter of days until the 35 days is up, or maybe until March 2010. But I don't want the damn thing! I've sent them a message asking for an explanation of the shambles.

Honestly, you couldn't make it up.

glammer

I have a large balance on the card, but have always made payments on time by DD, however there has been occasions when I've gone over the credit limit and incurred a fee.

Now I have nothing to lose with Egg, should I apply to reclaim the charges after all what can Egg do, close my account!!

I am in a similar situation. Have a large debt on my egg credit card but paid it DD monthly without fail. However I cancelled the credit card payment protector, thanks to this website, in Dec 06. I suspect this has something to do with them cancelling my card - they are not making as much money! I have contacted them over the past week asking for them to offer me a loan or reduce interest rate to 0%, both refused with no explanation. So I have just written to them asking for a copy of all the credit card repayment protector (ccrp) payments I have made & I am hoping to claim them back via the banking ombudsman. I would have done this when I cancelled the ccrp payments but feared they would do something nasty. Well what more can they do now, if they try to make me pay it back I cannot afford it. I believe many, especially young people, were mis-sold the ccrp without knowing what it was and that they could opt out of it! I believe Egg need to take some responsibility for this & it seems they are washing their hands of it. I would try & claim everything you can. What do others think? Is this wise?

Megalomaniac

Egg seem to be a little eratic. I have had a card with them for three years now, after being refused one initially 4 years ago. I am currently 25, am a full time research student at university and only have my grant coming in (~£1000 net per month). I am renting, but significantly I have no debts and always repay in full every month. I am yet to pay any interest on this credit card, or on my Natwest one which I signed up for when opening my first student account in 2001.

I have recently asked for a rise in my credit limit from £3000 to £5000 which I was granted. Seems a little against the run of play to be honest. I do have my main savings account with them admittedly!