1. Home
  2. UK Finance Discussions
  3. Anyone else receive an interest rate increase notification email from Egg?

Anyone else receive an interest rate increase notification email from Egg?

I'm just wandering whether this is a targeted thing.

I've received an email today notifying me that the rate on my egg card will be increased from 16.9% to 17.9% from 12 March.

And a couple of days after my complaint to them about their practice of charging interest on balance transfer fees. Bad timing :)

The interest rate doesn't affect me as I pay my account off in full every time. I guess such people would be the ones targeted?

The egg card is looking more and more unattractive. I may well be getting the scissors out soon.

Reply to
Trust No One
Loading thread data ...

I haven't received it.

Daytona

Reply to
Daytona

And to think they used to be cheap.

I did mine after getting

Reply to
Colin Wilson

The webshite's still saying 16.9%

DG

Reply to
Derek Geldard

A bit of Googling suggests that some Egg interest rate modifications are targeted with some getting a decrease in their rates, others no change, and I guess the majority an increase. Probably new joiners are given the 16.9% rate hence the reason the website hasn't changed.

I seem to remember (as pointed out by another poster) that Egg used to give a months notice of changes that were detrimental (eg interest rate hikes)

I've received the luxury of 9 days notice. I'll have another trawl through the T&Cs. I bet you they've changed.

Reply to
Trust No One

Received it on the 5th March.

Reply to
Daytona

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.