EGG MONEY 7.9% APR and 1% cashback and 4% gross pa/AER variable on positive balances - HotUKDeals
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I always feel that i spend a lot on credit card and i get nothing out of it.Well i Found EGG MONEY.Egg credit card is different from EGG MONEY.

They are offering a fantastic APR OF ONLY 7.9% APR typical variable AND 1% cash back on all purchases AND You'll get 4% gross pa/AER variable on positive balances in your Egg Money account.AND Up to 20% cash back with our selected online retailers with Egg Rewards.ANDWe do not charge a fee for cash withdrawals.AND Optional free weekly balance updates by text message - helping you keep on top of your spending.
Interest free period of up to 50 days on all purchases, if you pay outstanding balance off in full each month.

And wat else do we need a card at such a small APR and cashback on top of it.I would say its a fantastic offer.And no QUIDCO for it Guys.
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rocky01 Avatar
8y, 6m agoFound 8 years, 6 months ago
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#1
And if you don't use it much they'll close your account saying effectively you're a bad risk
#2
Been around for ages, but it's a good card, I use it a lot just for the 1% cashback.
#3
Not exactly a "deal", is it?
#4
Who are the retailers you get 20% discount at?
#5
Tillboy
And if you don't use it much they'll close your account saying effectively you're a bad risk


"Been around for ages, but it's a good card, I use it a lot just for the 1% cashback." this is wat our friend says.If you don't use it properly even after offering 1% cashback and such a small APR its ur problem aint't?

And if this is bad dats fine ,but which is better than this,I would love to know thanks.
#6
There are some which are better actually, but they give something like 3% cashback for 3 months and a lower rate after that. But Egg's is simple and better in the long term unless you spend many thousands.
#7
Benjimoron
Who are the retailers you get 20% discount at?


List of Instant Cash Back Offers
#8
"We do not charge a fee for cash withdrawals"

Does that mean you could take your credit limit out each month and stick it in a bank account then pay it off when your bill comes and you'll get the interest as profit?
#9


Just seen that cheers, IWOOT @ 10% looks good.
#10
Great deal, this is just what I've been looking for.
#11
The offers with Egg aren't very good these days, but their customer service is soooo much better than any other card issuer or bank that I've dealt with!
#12
Benjimoron
"We do not charge a fee for cash withdrawals"

Does that mean you could take your credit limit out each month and stick it in a bank account then pay it off when your bill comes and you'll get the interest as profit?


"Maximum 50 days for purchases if you pay your balance in full and on time. There is no interest free period on cash advances or balance transfers."

In other words, no!

You'll get charged interest straight away.
#13
rocky01
"Been around for ages, but it's a good card, I use it a lot just for the 1% cashback." this is wat our friend says.If you don't use it properly even after offering 1% cashback and such a small APR its ur problem aint't?

And if this is bad dats fine ,but which is better than this,I would love to know thanks.


Not just me http://www.thisismoney.co.uk/credit-and-loans/article.html?in_article_id=430196&in_page_id=9

I cleared the balance every month and only used it for online purchases for the added security and cashback etc.

To be honest it was no skin off my nose, really don't need a credit card anyway.

Oh, and could you try and make your post more coherant, I struggled to make sense of it!
#14
BristolDeal
Not exactly a "deal", is it?


I think it's a deal. I certainly wouldn't put it in Misc / freebies/ vouchers
In the absence of a more suitable category it should stay in Deals.
Certainly some interest in it anyway.
Voted hot and Rep given.
#15
rocky01
And if this is bad dats fine ,but which is better than this,I would love to know thanks.


How about paying cash and thus saving yourself 7.9% instantly.

With the current economic state surely any deal encouraging people to get themselves in deeper than they already are has to be ice cold
#16
Tillboy
How about paying cash and thus saving yourself 7.9% instantly.

With the current economic state surely any deal encouraging people to get themselves in deeper than they already are has to be ice cold


You only pay that if you don't pay at the end of the month!!!
#17
Benjimoron
You only pay that if you don't pay at the end of the month!!!


In which case the APR figure has no relevence, I use a credit card from my bank when I do need to use one for buying online, booking flights, hire cars etc. The APR is something ridiculous like 16.9% but is irrelevent as it gets cleared every month and I would class First Direct's customer service better than any other I have dealt with.

That being the case having a credit card for a measly 1% cashback is certainly a poor deal.
#18
Tillboy
In which case the APR figure has no relevence, I use a credit card from my bank when I do need to use one for buying online, booking flights, hire cars etc. The APR is something ridiculous like 16.9% but is irrelevent as it gets cleared every month and I would class First Direct's customer service better than any other I have dealt with.

That being the case having a credit card for a measly 1% cashback is certainly a poor deal.


I wouldn't say it has no relevance, better to have one with a low figure just in case, wouldn't you agree?

Having a credit card for 1% cashback a bad deal, I spend about £20,000 a year + alot extra for business uses so 1% cashback = several hundred pounds for doing nothing basically! Would you not agree?
#19
Benjimoron
I wouldn't say it has no relevance, better to have one with a low figure just in case, wouldn't you agree?

Having a credit card for 1% cashback a bad deal, I spend about £20,000 a year + alot extra for business uses so 1% cashback = several hundred pounds for doing nothing basically! Would you not agree?


Don't disagree, however the headline for the deal was the APR not the cashback. Having said that I missed a fair bit of cashback from Egg so it's not always as guaranteed. In your example then it certainly would be worthwhile, however for the average user 1% would tend to be quite negligible.

To put some perspective, as credit card deals go it's quite good, however banks and good deal hardly go hand in hand, bear in mind the rate is vairable and bound to go up when the bank has to tighten it's purse strings
1 Like #20
Benjimoron
Having a credit card for 1% cashback a bad deal, I spend about £20,000 a year + alot extra for business uses so 1% cashback = several hundred pounds for doing nothing basically! Would you not agree?
Their claim of 1% cashback on EVERY purchase is at best, misleading. Cashback is limited to a maximum of £200 pa & is only paid once a year, in March.

http://new.egg.com/visitor/0,2388,3_79766--View_1709-bID_EMonCashFAQ-dva_1,00.html#whatiscashback?
#21
rbz5416
Their claim of 1% cashback on EVERY purchase is at best, misleading. Cashback is limited to a maximum of £200 pa & is only paid once a year, in March.

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


£20,000 spend on one card per year. I doubt many people go over that.
#22
Great Card with the 4% credit interest i use it like a current account cash back is very fair as well...Had this for ages works very well for me as a debit /savings card
1 Like #23
Tillboy
Don't disagree, however the headline for the deal was the APR not the cashback. Having said that I missed a fair bit of cashback from Egg so it's not always as guaranteed. In your example then it certainly would be worthwhile, however for the average user 1% would tend to be quite negligible.

To put some perspective, as credit card deals go it's quite good, however banks and good deal hardly go hand in hand, bear in mind the rate is vairable and bound to go up when the bank has to tighten it's purse strings


The whole of this deal is to say that u can get a 1% cashback on your purchases and at a very low APR,just in case if u miss payments..I never paid interest that's a diff thing. So this is better than any other card for people who use creditcards and fill them back.Regarding cashback some said that u get them only in march,but doesn't matter ,1 day u wil get it.Something is Better than Nothing.

Example:- i am with firstdirect using my creditcard from an year and i get nothing of it and comparitively i get something here.So ijust felt that its a good deal.Moreover for people who need a small loan can use this card balance as well,As it's only 7.9% APR:thumbsup:.and sorry i am not very good with english but DEAL is a DEAL.Language is something only to understand :)
#24
rocky01;2278687
Language is something only to understand :)

my thoughts exactly.


i have used egg money. cash back is great. as a point of diversity, Capital one also do 1% cashback (higher APR), but bonus it up to 4% for the first three months, which is ideal if you are baout to buy something big.
#25
I have the Capital One card, and used it to buy my kitchen with the 4% cashback...made over £400 when it paid up in January. However, now that the cashback has dropped to only 1%, I'm tempted by this for the Dixons 2.5% cashback, and possibly the Virgin wines deal in conjunction with their voucher.

Although no Quidco, there is a possible cashback of up to £20 if you apply for it with these websites:
http://www.moneysavingexpert.com/shopping/cashback-sites-comparison/Egg+Credit+Card#content

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