Egg Card UK

2008-11-05 11:57:38

( Financial )



What is Egg?

UK-based Egg is an online site that provides various financial services for consumers. The company offers Egg savings and investment accounts, lines of credit and mortgages, insurance, and credit cards. Egg is currently under the Citi Group which has a vast global network of financial services.

Features of Egg Card UK

Egg Card UK offers credit cards which carry a current APR of about seventeen percent. At present, there is a promotional period of five months with zero percent interest for card purchases, new cash advances or balance transfers. You do need to pay a three percent handling fee for cash advances or balance transfers that you make during the promotional period.

When you make purchases with your Egg credit card, you also get a one percent cash rebate up to a maximum purchase amount of two hundred pounds. You receive the cash rebates through your online Egg account. You may also use your Egg savings to pay for your monthly Egg credit card balances.

Applying for Egg Cards

You can apply for your credit card at the Egg Card UK website. Simply fill in the basic information about yourself and your contact information. Egg will do the rest of the verification process, including contacting credit agencies to check on your status and credit history. In about thirty minutes, you will know whether your credit card application has been accepted.

The smallest Egg credit limit is five hundred pounds, but you can apply for a higher limit depending on your income level.

About the only drawback on the Egg credit card is its relatively high APR. But you can always avoid paying the interest as long as you pay off all your monthly balances as they fall due. You should also keep track of all your Egg credit card purchases and keep a record of them, so you don't get surprised by your bill each month.


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