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Egg Money Questions

2

Comments

  • jimbo26
    jimbo26 Posts: 954 Forumite
    Part of the Furniture 500 Posts Name Dropper
    For beinerts, something to do with refunds from gambling establishments maybe?

    Right, not something I use. Never thought there was much difference between Visa and Mastercard, never given it any thought.
  • beer_tins
    beer_tins Posts: 1,677 Forumite
    Part of the Furniture Combo Breaker
    jimbo26 wrote: »
    Why? What's the difference between Egg money Visa and Egg Money Mastercard?

    I spend quite a lot of time abroad. Some countries hardly use Mastercard, others hardly use Visa so I like to have both. I'd prefer to have both of them egg money cards for cashback reasons.

    Don't really use gambling sites except sometimes to take advantage of the offers on cashback sites after which I close the accounts. You do need Visa for that because you can't withdraw money back to your Mastercard. That's not the reason I want it though...

    In theory it is possible to have both egg money Visa and mastercards though? I'd just never heard of their Visa version before...
    Running Club targets 2010
    5KM - 21:00 21:55 (59.19%)
    10KM - 44:00 --:-- (0%)
    Half-Marathon - 1:45:00 HIT! 1:43:08 (57.84%)
    Marathon - 3:45:00 --:-- (0%)
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    beinerts wrote: »
    You do need Visa for that because you can't withdraw money back to your Mastercard.
    I thought I'd read something along those lines.
    In theory it is possible to have both egg money Visa and mastercards though? I'd just never heard of their Visa version before...
    Egg Money has always, since it's launch in September 2005, been Mastercard. I think even it's predecessor, Egg Blue, was Mastercard also? I don't go back so far...perhaps others can clarify?
  • DesG
    DesG Posts: 1,291 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Yes, Egg Blue was always Mastercard.

    Cheers, Des.
  • There are some Visa cards out there that have the same benefits as Egg Money (1% cash back etc).

    It's only a very small number though. Did they originally have a Boots credit card?

    Egg provided the credit card on behalf of Boots, it then became Egg Blue then Egg Money.

    Most customers were transferred over to Mastercard but there are still some who have Visa. However, its no longer possible to get Egg Money as a Visa card.

    To beinerts, you'd be better off with a card that doesn't charge a foreign currency commission.

    The foreign commission charges for Egg are as follows:

    Egg Card (Visa) - 2.75%
    Egg Money (99.9% Mastercard) - 2.65%
  • beer_tins
    beer_tins Posts: 1,677 Forumite
    Part of the Furniture Combo Breaker
    Thanks DFTN, I'll bear that in mind. I usually get cash out using my bank card, or get cash before I go (depending on which works out cheaper). I do use the cards if I end up buying stuff I hadn't planned to though.
    Running Club targets 2010
    5KM - 21:00 21:55 (59.19%)
    10KM - 44:00 --:-- (0%)
    Half-Marathon - 1:45:00 HIT! 1:43:08 (57.84%)
    Marathon - 3:45:00 --:-- (0%)
  • clio
    clio Posts: 3,345 Forumite
    Anyone know how long Egg take to process debit card payments via their website, as i want to preload my Money card for spending...
  • Lavendyr
    Lavendyr Posts: 2,610 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    As it says on the website, 3 working days if you make the payment before 1pm I think, otherwise 4 working days.
  • clio
    clio Posts: 3,345 Forumite
    Website is down for me, and i rang them up but message on their phone says we are having problems. cheers for info...
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    clio wrote: »
    ...i want to preload my Money card for spending...

    Why pre-load it? Surely better to enjoy up to 50 days interest free credit on your spending and keep your money in a higher interest paying account until the DD collects?...unless you're planning on withdrawing cash regularly maybe?
This discussion has been closed.
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