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Borrowing money on an EGG card

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Old 19 August 2002, 02:53 PM
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Rumplestiltskin!
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I have heard people mention on here that a cheap way of borrowing money is from an EGG credit card.
Do people mean get the card then withdraw cash against it until you have the amount you need, then repay the card as normal ?

Thanks

Rump.
Old 19 August 2002, 03:02 PM
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MarkO
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Wink

I think the idea is that you get the card, and then you use it to pay for whatever it was you wanted to borrow the money for.
Old 19 August 2002, 03:24 PM
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Rumplestiltskin!
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its Monday, I am still hung over...& yes, you are right !!!

Rump.
Old 19 August 2002, 03:25 PM
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reaton
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I think what people mean is use Egg's offer of 0% interest on balance transfers for the first six months to your advantage...

E.g. Use "credit card A" and write yourself a credit card cheque for however much you want, then transfer this to Egg and don't pay any interest on the "loan" Well, for 6 months anyway...

Worked for me recently

Hope this helps

Rich

*** Edited to say you that Marbles are also doing a similar offer at the moment ***


[Edited by reaton - 8/19/2002 3:26:42 PM]
Old 19 August 2002, 07:39 PM
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RichiW
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Used egg rather than Marbles, Egg gave me a £4k limit, Marbles only £1k .... insulting gits


Rich.
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