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Egg credit card review

THE Egg credit card has been one of our top choices for a while now. Now their excellent reputation and strong 0% offers have been joined by some fantastic shopping rewards - recently revamped to include cashback from over 1,500 online retailers.

Leading balance transfer offer

The Egg credit card offers a market leading balance transfer deal and remains at the head of the pack for 0% promotions.

Just updated, you can now get 0% on balance transfers until 1st November 2011 - up to 14 months of no interest charges, a month longer than the previous offer.

Just remember you will have to move your balance to the Egg credit card by 1st December 2010 to qualify - and balance transfers carry a 3% fee.

0% balance transfer offers are the way to go if you have outstanding balances on other credit cards and can see you debt-free much quicker.

0% on purchases too

Egg wins extra points for offering 0% on purchases until 1st December 2010 (apprx. 3 months) - allowing you to splash out and repay your purchase over the next few months.

New Egg Cash Back Store

A new addition to Egg's arsenal is the 'Egg Cash Back Store'. Effectively an 'Egg' branded version of Quidco - one the UK's leading cash back websites, with exclusive offers and no fees for Egg credit card holders.

Earn cash back at over 1,500 online retailers - including pretty much all of the biggest names you can think of: Tesco.com, ASDA, Homebase, Sky, Carphone Warehouse, Jessops, Burton, Dixons, Halfords, Expedia and many many more.

Cardholder services and extras

The Egg credit card just keeps on going, with free worldwide purchase protection insurance, free Internet delivery guarantee insurance and a travel accident policy too.

You'll also receive protection against fraud and savings on Egg insurance.

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 December 2010	Payments are applied towards 0% balance transfers before 0% purchases.
Balance Transfers	0% until 1 November 2011	Balance transfers must reach the account by 1 December 2010 to qualify. Payments are applied towards 0% balance transfers first.
Balance Transfer Fee	3%
Cash Withdrawal Rate	23.9% p.a. (variable)	23.9% or 25.9% p.a. (variable) depending upon an assessment of your circumstances.
Cash Withdrawal Fee	3% (£5 minimum)	ATM withdrawals, foreign currency and travellers' cheque purchases 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 » 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. Egg Banking plc Citigroup Centre Canada Square London, E14 5LB
Card Advertiser	Egg	The company who advertises and promotes this credit card.

Review Continued...

The Egg credit card offers cardholders the chance to save money and earn money too, making this a credit card you'll want to keep handy at all times. The Egg credit card also comes with a range of free services that will help to keep your money and your purchases safe too.

0% balance transfer offers...

The Egg credit card breaks the mold with it's leading 0% promotion on balance transfers.

When you take out an Egg credit card you'll be able to transfer an existing credit card balance to your new Egg card and benefit from 0% interest rates on this balance until 1 November 2011 - that's up to 14 whole months!

Balance transfers do carry a handling fee, but it's only 3% of the balance you are transferring, much less than the money you will save in interest charges.

Just remember to move your balance over to the Egg credit card by 1st December 2010 to qualify.

0% on purchases...

The Egg credit card doesn't just offer 0% interest rates on balance transfers, but offers them on your purchases too. When you take out an Egg credit card you'll get 0% interest rates on all your purchases until 1st December 2010.

New Egg Cash Back Store

The Egg credit card has just relaunced it's cash back scheme by joining up with Quidco to bring Egg card customers cash back deals with over 1,500 online retailers - a giant leap from their previous handful of around 15 selected retailers.

The Egg Cash Back Store offers exclusive deals for Egg credit card customers and waives any fees for using the service - so there are definite benefits of using the Egg Cash Back Store above going straight to Quidco.

The number and range of retailers is massive, with all the leading names present, including Tesco.com, ASDA, Homebase, Early Learning Centre, Burton, Wallis, Jessops, Sky, Dixons, Currys, Aviva, Expedia, Halfords, Woolworths, Carphone Warehouse, Dabs.com and many more.

Egg Benefits and Features

Egg Money Manager

As an Egg customer, you'll get free access to this safe, easy-to-use online money managing service. The Egg Money Manager lets you view all your online accounts in one place, even if they are with other banks.

Egg Insurance Savings

Egg credit card customers can benefit from savings on travel insurance taken out with Egg.

Apply Online for Egg credit card »