Egg Money Positive Balance Limit?

1andrea

Hello,

I have an Egg Money Card and was wondering if there is a limit to how much you can transfer in? Is it the same as your credit limit or can you transfer an unlimited amount.

I wouldnt usually bother doing this but I have recently applied for a new card its been approved and the agreement has been signed and returned but it still hasnt arrived and I need to transfer a balance of a card I usually pay in full each month with a due date of 5th April.

Do balance transfers usually take the ten working days the credit card companies quote?

So I was going to pay the card with my savings by the 5th April so I do not incur any interest and then do the balance transfer into my egg money account and then back into my current account, but I will need to transfer double the amount of my egg money credit limit and was hoping someone could advise if there is a positive balance limit on Egg Money cards?

If there is I can do two smaller transfers but I would rather just do it all at once.

Thanks

Andrea

YorkshireBoy

1andrea wrote: »

I have an Egg Money Card and was wondering if there is a limit to how much you can transfer in?

http://new.egg.com/visitor/0,,3_79778--View_1666,00.html (condition 11.5)

FAQ: http://new.egg.com/visitor/0,2388,3_79766--View_1709-bID_EMonMovingFAQ-dva_1,00.html#whatisthemaximumpositivebalanceicanhaveineggmoney?

Do balance transfers usually take the ten working days the credit card companies quote?

Anywhere from 3-10 days in my experience.

noh

In case you can't find it here is the relevant clause

11.5 If you make payments into your Account the Balance must not be more than £99,999.99.

Nigel

1andrea

Thanks for the pointer Yorkshireman! Do you ever have a problem with the egg site it has disconnected my broadband twice already and does this everytime I go onto it after a couple of mins. I then have to reconnect aol?? This has happened for as long as I can remember!

One more question

Do you think I would be better to transfer the balance into the egg money account to be charged at 7.9% with no fee and as soon as the new card comes transfer the money back into the egg money account?