Egg Card,

[Yaka]

feel like a total newb asking about this. but wot the heck.


UP until last month i used to buy stuff with me debit card till i got done in by a local retialer who whent tits up day after i placed an order for a Widescreen telly. so after been told by friends CC is the best way to secure your self with matters like these, and after looking around and been told Egg Card is the best one about. i just have hit a few snaggs, i ordered some heat sinks and fans for me pc with it and my statment on the site shows -£34.50 how exactly do i pay it off?

ive checked all the faqs on the site but none explain me problem.

 

[nath]

I think the easiest way is to set up a recipient on your banks website - assuming you do online banking. I pay off my credit card via my lloyds online banking account, you can add recipients to pay - all the credit card companies are there and it makes it nice and simple.

 

[stormrider]

Yup you should be able to set up an individual payment from your main bank account. Also you can setup a maximum to pay off each month via direct debit, which I find very handy.

 

[Wij]

Show me the APACS codeline on your bill and I can tell you how to pay

(I wrote software that creates transactions from them.)

 

[babs]

Log in, choose 'one off payment' from the left hand menu. It'll ask you how much, then from and to. Click 'add' next to from and you can add your debit card as a source, and from the to choose 'egg card'.

Simple as that really.

 

[tris-]

is there a monthly charge for an egg card? or you only pay what you owe?

 

[babs]

Interest goes on after 45 days, so if you pay it off monthly you just pay what you owe.

I've had one for a couple of years now, more than happy with it.

 

[Tom]

Just pay it off in full every month, no interest charges, and it becomes just like your debit card except you have one payment date, not several.

You also get insurance, although you should ask them about internet transactions because I'm not sure about distance selling.

 

[Dr_Weasel]

I had an egg card. I had a direct debit setup to pay the balance off in full at the end of every month. It was great as you didnt have to remember to pay up by a certain date or face interest charges, they just took the money.

The only reason i got rid of it is that they reduced the cashback from 1% to 0.5% and then finaly to 0.1%. I put 'everything' on my CC and pay it off in full at the end of the month so moved to the Mint card where I now get a healthy 0.7% cashback. Ive only had it 6 months and already earnt about 60-70 quid cashback.

 

[Yaka]

ah kewl thanks for the info guys, seems theres a delay in setting up direct debit so i just gota make a one off payment for now.

 

[tris-]

i have a capitalone card at the mo, and the limit is too low to use it as a debit card but this egg card dealy has given me nearly 5 times as much. heh, i never thought before to use it as a debit card.

 

[stormrider]

I had an egg card. I had a direct debit setup to pay the balance off in full at the end of every month. It was great as you didnt have to remember to pay up by a certain date or face interest charges, they just took the money.

The only reason i got rid of it is that they reduced the cashback from 1% to 0.5% and then finaly to 0.1%. I put 'everything' on my CC and pay it off in full at the end of the month so moved to the Mint card where I now get a healthy 0.7% cashback. Ive only had it 6 months and already earnt about 60-70 quid cashback.

Just got the new egg blue card - 0.5% cash back. Not as good as the old 1%, but better than nothing.

 

[Ch3tan]

But still not as good as the 0.7% he is getting from the Mint card.

 

[old.user4556]

I get 1% cashback with my Morgan Stanley Platinum.

 

[Dr_Weasel]

The Morgan Stanley card is a MasterCard isn't it? For some unknown reason I have something against MasterCard and specifically wanted a visa card.

MasterCard is probably taken in just as many places as visa in this day and age, but I don't feel right asking "Do you take MasterCard". Too many syllables....

 

[Dr_Weasel]

I just read the small print of the morgan stanley card and it said

Paid yearly based on your annual level of purchases. The Cashback Bonus award is 1% of the first £2,000 of purchases and 0.5% of all other purchases made in a particular year.

With the amount I put on a card in a year Id be better off with the flat 0.7%

 

[Ch3tan]

Just checked the Mint site, it's only 0.5% cashback now :/

 

[old.user4556]

I don't run up over £2000 on mine, so it works out better. Horses for courses.

 

[tris-]

i never understood the difference between master card and visa. only thing i have seen different is the type of CC for people with bad credit is nearly always a master card.

but surely credit is credit and shouldnt matter if you use visa system of the master card system, you still gotta pay!

 

[Dr_Weasel]

Just checked the Mint site, it's only 0.5% cashback now :/

Theres an option to pay 10 quid a year to up it to 0.7%. Or there was when I got mine about 6 months ago.

 

[old.user4556]

i never understood the difference between master card and visa. only thing i have seen different is the type of CC for people with bad credit is nearly always a master card.

That's a myth.

It's up to the lender (morgan stanley, egg, abbey, halifax etc) if they want to provide you with a credit card based on your credit score / history, not Visa/Mastercard.

 

[tris-]

G i know how they base their decision. but if you look at some CC websites that do cards for people with bad credit i.e. capital one. their CC for someone with bad credit is mastercard. i looked at some others too, think one was called citi or something, was also a mastercard.

 

[old.user4556]

Just had a look at the Capital One website and their cards with high credit limits, or low risk customers, are Mastercards.

If what you say is true, it'd be the other way about. There are Visa and Mastercard based CCs for bad credit - neither are particular for bad credit. Again, it's not Visa or Mastercard that decide, but the supplier of the card.

 

[Will]

Visa, Mastercard, and American Express, are just different companies which provide the admin behind cards.

 

[Dr_Weasel]

In my experience Visa used to be accepted in more places abroad than mastercard. I dont know if that still holds true. American Express is widely accepted all over the US, but less in Europe. But Visa and Mastercard seem to be on a fairly euqal footing in the UK.

 

[nath]

Yeah in my experience anywhere visa is accepted, mastercard is and vice versa. Amex is dwindling in availability here because of how much they charge retailers for the priviledge of offering them as a payment option.