Egg Credit Card

Egg credit card review

THE Egg credit card is a really superb all-round credit card.

As well as a 0% balance transfer offer that's hard to beat, big spenders will get big discounts with a 0% purchases offer and cash back at over 1,500 big name retailers.

The Egg credit card's 0% balance transfer deal is sure to please the rate tarts amongst us, offering zero interest until 1 September 2011 - that's almost 14 months!

Even if you don't have a high-interest credit card balance festering elsewhere you could be quids in with the Egg credit card.

The Egg cash back store - essentially a re-branded Quidco but with Egg-exclusive offers and no annual fee - gives an average of 10% cashback, though for big-ticket items it can be much higher.

The Egg credit card also wins top marks for cardholder extras, offering up a selection of free services including purchase protection, an online fraud guarantee and travel accident insurance too.

Taken together, that little lot will help to keep you, your money and your purchases safe and you don't have to do anything but pay with your Egg credit card.

The Egg credit card has brand appeal, it looks good and has a solid reputation, but more than that it is a really great credit card to use again and again, whether to keep your purchases and money safe or for rate tarts who can now transfer to a 0% rate until 2011.

Interest Rates and Fees
		Notes..
Typical APR	17.9% APR (variable)	17.9% APR - 21.9% APR. The rate you are given will depend upon an assessment of your circumstances. The typical APR is the rate most people are offered.
Introductory Purchases	0% until 1 October 2010	Payments will be applied towards introductory rates first.
Balance Transfers	0% until 1 September 2011	Balance transfers must reach the account by 1 October 2010 to qualify. Payments are applied towards introductory rates first.
Balance Transfer Fee	3%	-
Cash Withdrawal Rate	23.9% p.a. (variable)	-
Cash Withdrawal Fee	3% (£5 minimum)	ATM withdrawals are charged a 3% (£5 min) fee. Other cash withdrawals are charged a 3% (£3 min) fee.
Annual Fee	None	-
Foreign Transaction Fee	2.95%	This fee will be charged if you make a purchase or cash withdrawal in a foreign currency.

Rewards
		Notes..
Reward #1	Egg Cash Back Store	Earn cash back with over 1,500 online retailers The Egg Cash Back Store is powered by Quidco - one of the biggest cash back sites in the UK.
Reward #2	Savings on Egg Insurance	Save more with Egg Insurance as an Egg credit card customer.

Cardholder Services & Extras
Online Account Management		You can log in to a web site and manage your Egg credit card account online. There are no 'on-the-street' banks, banking can only be done online, via post or post office and over the telephone.
Fraud Guarantee		You won't be held liable for fraudulent transactions you report as long as Egg confirms that they are unauthorised and you have not acted fraudulently or without care.
Fraud Monitoring		Egg will monitor your account for any suspicious activity and will provide you with a dedicated case manager if any fraudulent use occurs.
Identity Protection		Egg will provide an ID theft protection information pack providing details of how to avoid ID theft and advice if it happens.
Verified by Visa		An extra layer of security when shopping online. Register and set up a password-protected identity-check when you shop online with participating online retailers.
Purchase Protection Insurance		Items bought with the Egg credit card costing over £75 will be covered anywhere in the world against theft or damage (excluding wear and tear) for 90 days from the date of purchase. - £1000 limit per item - Maximum limits of £2000 per claim and £5000 per cardholder, per year. - Items must be reported stolen to the police within 36 hours. Does not include items left unattended. - £25 excess applies. Other exclusions may apply, see full policy details.
Purchase Delivery Insurance		Internet delivery guarantee insurance Items bought online with the Egg credit card (in a single transaction) costing over £50 will be covered against theft or damage. - £1000 limit per item - Excludes private purchases or goods bought outside the UK and Channel Islands. - Maximum limits of £2000 per claim, 3 claims per year, up to a total of £5000 per cardholder, per year. - Zero excess - Items are excluded where an attempt to replace the missing item has not been made through the original seller. Other exclusions may apply, see full policy details.
Purchase In-Transit Insurance		Transit is not excluded from the Purchase Protection Insurance policy as long as the item remains on your person.
Comprehensive Travel Insurance
Travel Accident Insurance		Up to £50,000 When you pay for your travel with this card you and your family will be covered against death or serious injury whilst abroad.
Travel Inconvenience Insurance
Assistance Abroad
Emergency Card Replacement
Other Extras
Optional Extras	These are extras that you can choose, but you will have to pay for them. - Repayment protection.

Payments & Payment Details
		Notes..
Credit Limit	£500 minimum	Maximum credit limit is subject to status.
Interest Free Period	Up to 45 days	For purchases if you pay your balance in full and on time. There is no interest free period on cash advances, or on balance transfers outside of any 0% periods.
Minimum Monthly Payment	2% (£5 minimum)	The minimum monthly payment will be the greater of: - 2% of the outstanding balance, OR - The total of the statement interest, plus 1% of the outstanding balance, plus any insurance premiums, plus any statement fees, OR - £5 Additionally, for each promotional balance transfer, you will also need to pay the greater of: - 2% of the remaining balance transfer, OR - The total of the statement interest for the balance transfer, plus 1% of the remaining balance transfer, OR - £5.
Allocation of Payments	Introductory rate balance transfers » Interest charges and fees » Non-introductory balance transfers & Purchases (including introductory rate purchases) » Cash advances	-
Default Charges	£16	This is how much you will be charged for late payments, returned payments and if you go over your credit limit.
Copy of Statement Fee	£2	This is the fee you will be charged for duplicate statements.

Card Details
		Notes..
Online Application	Yes: Instant Decision	Instant decision, in most cases. Remember: always ensure you meet the application requirements before applying, as getting rejected can affect your credit score.
Card Type	Classic	-
Payment Company	Visa	The company who provides the payment technology and infrastructure to allow you to use this credit card. Retailers and ATM machines displaying the 'Visa' logo will accept this credit card.
Card Issuer	Egg	The bank who issues this credit card.
Card Advertiser	Egg	The company who advertises and promotes this credit card.

Review Continued...

If you find yourself needing to transfer card balances often, or even just want to transfer one now, this may be just the credit card for you.

Transfer your balance

The Egg credit card offers a 0% balance transfer rate until 1 September 2011, all you need to do is move your current balance to the Egg credit card before 1st October 2010 to qualify.

There is a 3% handling fee on introductory balance transfers but this will be certainly much less than any interest you may be currently paying.

Want some cash back?

Newly launched, the Egg Cash Back Store now offers Egg cardholders cash back deals with over 1,500 online retailers.

Including most of the biggest names in retail such as Tesco.com, ASDA, Woolworths, Halfords, Jessops, Dixons, Currys, Dabs.com, Burton, Carphone Warehouse, Expedia, M&S, Play.com, Apple Store, Debenhams and many many more.

The Egg Cash Back Store is powered by Quidco - one of the UK's leading cash back stores. Egg card customers however get additional benefits, including exclusive offers and no fees for using the service.

Looking after you

The Egg credit card offers up a service that makes using a credit card what it should be; safe and secure, looking after your money and your purchases.

As an Egg credit card cardholder you'll receive free worldwide purchase protection insurance and free Internet delivery guarantee insurance as well. There are certain limits and exclusions apply - so always check the policy.

For example, the purchase protection insurance will only apply if you pay in full and in one transaction with the Egg card - this is unlike standard Section 75 cover which covers purchases even if only part of the cost is paid by the credit card, so make sure you fully understand the cover before using it.

Your money will also be protected too, with Egg's active fraud monitoring and a dedicated case manager if any fraudulent activity is found. You won't be held liable for any fraudulent transactions you report that are unauthorised and not a result of acting fraudulently or without care.

So with the Egg credit card you can shop online happily, in the knowledge that both your purchases and your money will be kept safe.

The Egg credit card also provides free travel accident insurance when you pay for your trip with the card. You and your family will be covered against serious injury and death whilst abroad for up to £50,000. Please remember though, this is not a substitute for comprehensive travel insurance.

Final word

However you want to save money or make money the Egg credit card is one you'll want to keep hold of, bringing with it some fabulous shopping rewards and money back offers.

The Egg credit card is great for saving money too, offering a market leading 0% balance transfer deal over the next 14 months.

Apply Online for Egg credit card »