£15,000 at 0% for 5 months from Egg

deemy2004

Just upped mine from 12k to 15k

Roll on 5 free months ! - 14.5k @ 5.1% for 4.5 months =£277 - Thank you egg ! :-*

cloud_dog

Ever so slightly off topic, although some relevance.

"How do Stoozers / Rate Tarts afford their stoozing / tarting".  

What I mean is that I've got about 32k stoozed debt at the momment (am waiting for my Egg card to arrive - currently 7.5k limit but will see if I can increase it before BTing), and my re-payments (minimum) are now totaling about £350 per month.  At some point in the near future (and it might be the Egg increasaed limit wil do it) I will not be able to service the minimum monthly repayments.  

cloud_dog

Update: I've just thought. I jumped on the Abbey FRM Saver (7%) with the maximum £500 pm and am now thinking that perhaps I should not have done that but, instead used the £500 pm capital to finance more stoozing debt with the whole of the stoozed money earning 5%.......... ummmm (bit late now, oh well)

Derek_Duval

Why not pay the minimum payment from your stooze pot? You'll need to make a transfer from your savings to your current account before the payment is due.

TREVORCOLMAN

Just a question. I have 0 balance on my Egg Card. If I BT money from another card making a credit balance can I then transfer this to my bank account, and if so are they any charges?


Thanks


Trev

Derek_Duval

Yes, it should work OK, with no charges, providing you don't go into negative balance on that payment month. According to the motley fool website, there has been some people who have had problems with this when they have put there card into a higher positive balance than there credit limit, as they have not been able to bt more than there credit limit. If this occurs maybe it's possible to make a few bt's.

TREVORCOLMAN

Cheers, Only a few weeks to wait for my December BT to my bank account too!


;D

Shinds

Just upped mine from 12k to 15k

Roll on 5 free months ! - 14.5k @ 5.1%  for 4.5 months =£277 - Thank you egg !  :-*

Deemy - How long you been with 'em?

jonbrett

I've just applied for Egg card - got £4,000 credit limit.

When I get the card I'll put dosh into high interest account.

Do I apply for an increase now or when I get the card?

If it's when I get the card, can I then apply for the credit limit increases & do more SBT's or is it only one SBT that's allowed/free?

Cheers, Jon

Shinds

I've just applied for Egg card - got £4,000 credit limit.

When I get the card I'll put dosh into high interest account.

Do I apply for an increase now or when I get the card?

If it's when I get the card, can I then apply for the credit limit increases & do more SBT's or is it only one SBT that's allowed/free?

Cheers, Jon

Jon,

I can't advise on ur 1st question - But I can confirm that you can do as many SBT's with Egg as you like and u won't get charged. Just make sure that u only do this in 0% period

Derek_Duval

I've just applied for Egg card - got £4,000 credit limit.
Do I apply for an increase now or when I get the card?

I think applying for an increase in the first few months will always be a no. Does anyone else know different?