Egg Money

This is THE MUST HAVE CARD for anyone who enjoys making free cash from credit cards, otherwise known as STOOZING. The reason for this is that the Egg Money Card allows you to withdraw positive balances to your current account for free. What does this all mean? Stoozing is basically taking cash off your credit card on a 0% introductory offer and putting it in a savings account. Just before the 0% offer expires you withdraw the balance from the savings account, repay the card and the interest is yours for free. Due to the standard 3% balance transfer fee you need to be saving at a rate of more than 3% for this to even break even. Due to the historically low ...  Read the complete review

Egg Money is a first and foremost a Mastercard - Egg Bank has changed hands a number of times but is now owned by Citibank. Application Process Is actually dead easy - go to the website www.egg.co.uk and click on "apply now". You will be asked to fill in the usual details about yourself and your income. Be honest as lying on an application is a criminal offence! Egg should give you a decision in principle within 60 seconds (unless your financial situation is a little complicated) in which case it will be 24 hours. One thing that I liked about Egg is that they do not give out crazily high credit limits. I got £6000 initially but my ...  Read the complete review

An Egg Money account is a flexible facility to make managing your cash flow readily visible and firmly in your control. Why do I say this? Well the Egg Money Card is a credit card but with some differences. For a start off it pays a reward of 1p for every pound spent. Not a lot on the face of it but it soon adds up and if you use a card for most of your spending it's better to get something back Very nice at this time of year when this unexpected lump sum is paid into your Egg account. Secondly if your Egg Money account has a positive balance you earn interest on the credit amount. It used to pay 4 %; the plunging bank rate has hammered that to next ...  Read the complete review

Egg Money is the brand name of a credit card operated by Egg Banking Plc. Who are Egg Banking Plc? Well it's complicated......... first it was part of The Prudential Group, then it became Egg and now it's owned by the American company Citibank. Egg primarily operate credit card and other accounts on line but if you wish you can telephone a UK based call centre and do transactions or ask for help and advice that way. I have found their call centre staff to be superb; they are polite, helpful and professional. The only other two companies which I have come across in recent years who are equally as good at customer services are Virgin Mobile and EDF ...  Read the complete review

I have become rather attached to my Egg Money card over the years, and have no plans on walking way from Egg despite their bad press in recent times, most notably when they closed 160,000 accounts. Egg is an internet bank, which should mean that they can offer lower rates to their customers as they have lower overheads etc, however recently rates have crept up, with rises announced just a few days ago. My APR has gone up 2% and whilst this is causing some people to walk away, I want to stick with it to the bitter end. The biggest plus of the Egg Money card is the cashback, 1% cashback on all spend upto £20,000 (£200 a year). Cashback is accrued ...  Read the complete review