Egg Credit Card review – what are the benefits?
9 February 2010 By MoneyHighStreet Staff Leave a Comment
Continuing our series of credit card reviews, we now look at the Egg Credit Card – what are the benefits?
Key Benefits of the Egg Card
Firstly there’s no annual fee and currently new customers get
- 0% interest on balance transfers until 1 April 2011 put on the account by 1 May 2010 (plus 3% fee)
- 0% on purchases until 1 May 2010.
Once the 0% offer periods end the standard variable annual rate will apply, this is currently 16.9% APR typical variable.
Apply for an Egg Card online, it’s fast, easy and hassle-free and it’s a paperless application process.
Other key benefits of the Egg Card include
- Great deals and discounts at selected retailers
- Online servicing 24 hours a day, every day
- Cash advances – there is a 3% handling fee and interest is charged from the date the transaction is charged to your account
- Repayments – taken from your bank account by Direct Debit
- Credit Limit – the minimum credit limit is £500
- Savings on Egg Insurance
- Interest-free grace period – if you pay your outstanding balance in full each month you get an interest-free period of up to 45 days on purchases
- Convenient balance transfers
- Free purchase in transit protection – for items covering more than £25 you’re covered for £1,000 per item, if your purchases get damaged, lost or stolen before you get them home, or for up to 30 days, whichever is first
- Free travel accident insurance – if you pay for at least part of your fare using your Egg Card, you’ll benefit from free personal travel accident insurance, paying a lump sum if you, your partner or your dependant children suffer accidental death or serious injury whilst travelling. Find out more about Travel accident insurance
If you apply for an Egg Card, as with most credit applications, your credit history will most likely be checked to determine whether or not your application is succesful.
If you have any questions or need an up to date view of your credit history you can get a free credit report.
With this information you can check to make sure there is nothing incorrect showing or that you might be better to address before it gets included in your credit card application assessment.
If a 0% balance transfer facility is important to you, other credit cards offering this include the MBNA Rewards card and various Football credit cards, such as Aston Villa and Chelsea credit cards.
