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Egg Card Putting Up Apr

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Odd, I've always been on 16.9% Apr but just got a letter yesterday that they are putting it up to 19% Apr.

I hope that the new rate is for new purchases and not applicable to puchases made when the Apr was 16.9%

It's a bit of a jump, I have never missed a payment and pay off a good chunk each month by direct debit. Is this the start of the big clawback of cash?

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Odd, I've always been on 16.9% Apr but just got a letter yesterday that they are putting it up to 19% Apr.

I hope that the new rate is for new purchases and not applicable to puchases made when the Apr was 16.9%

It's a bit of a jump, I have never missed a payment and pay off a good chunk each month by direct debit. Is this the start of the big clawback of cash?

Pay back in full every month and you won't need to worry about APR. Addicted?

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Odd, I've always been on 16.9% Apr but just got a letter yesterday that they are putting it up to 19% Apr.

I hope that the new rate is for new purchases and not applicable to puchases made when the Apr was 16.9%

It's a bit of a jump, I have never missed a payment and pay off a good chunk each month by direct debit. Is this the start of the big clawback of cash?

Hi PCSO,

I've sent you a PM about Zopa being a possible cheaper alternative than your Egg card. ( See below )

Regards

M21er

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Get rid of the bloody thing...you really should stay away from these cards as it is so easy to pay minimum payments...they take the pain out of life but hide the reality of your spending habits.

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The credit card companies haven't moved their rates hardly at all since 2007 when the BOE cut its own rate back..... as someone who used to be involved quite heavilly in that business sector I can tell you that the ways credit card companies make money from their "clients" (victims) would amaze you if you were aware of it.... use them by all measn but pay off each month by direct debit... never ever ever run up a bill on a credit card even for a month past the initial free period.... if you need to borrow short term money then get an overdraft.. its much more straightforward ( and to give you a clue, whilst the APR may be higher than a card, it may well cost you less when alls said and done)

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I've just had a similar email from egg, advising me that my standard interest rate will be changing from 17.9% to 16.9%.

Hardly an incentive to run up a load of spending on their card.

Incidentally I'm pretty sure I noticed a year or so ago that Egg charged interest from the day you made purchases instead of the statement date (meaning there is no interest free period on the Egg Card). I stopped using it when I noticed this but would be interested to know if anyone else had noticed this.

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