Egg Credit Card

There are many credit cards on the market.  Choosing the right one for you can be a little difficult depending on what you are looking for in a card.  Some of the credit cards make it difficult to have the card in your wallet while others make it extremely easy.  The Egg Visa is just one of the credit cards on the market.  Earlier in the year there was a little controversy surrounding the Egg credit card.  First Egg closed a great deal of their accounts supposedly because these individuals were high risk and costing the company too much money.  There were several complaints that the accounts closed were those in good standing that were paying off their balance every month.  This was just news releases, and things have changed since then.  Egg was bought out by Discover Card.  Discover card is not in charge of how the card is handled.  We have mentioned the news because it may have a bearing on how you feel about the card, but it has not changed the facts in this review.  This review is going to concentrate on the benefits rather than the news.

• Egg has one of the longest running balance transfer introductory deals.  They are offering zero percent interest on balance transfers for 14 months.  Most of the other credit cards offer a deal for twelve months.  This first benefit is going to be worth it if you are seeking a card for a balance transfer.  It does ask that the balance transfer is done within the first 60 days of opening the account to get the full 14 months.  If you wait longer than that 60 day period you will not be able to take advantage of the deal.
• The Egg card also has an introductory rate on purchases.  They offer zero percent interest for three months on any purchase. This deal starts on the date the account is opened and not when you receive the physical card in the mail.  This purchase deal is the same as many of the cards on the market.  In fact there are some cards that don’t offer this type of deal.
• Once the introductory deals are over you will have an interest rate of 16.9 percent APR.  This annual percentage rate is in the median of other offers.  There are cards offering 15.9 percent which is a better annual percentage rate.  There are also some cards offering a higher interest rate.  So the interest rate is pretty good, though it is not the best.  It is a variable interest rate subject to universal default which means it could rise with the slightest change in your credit rating.

Overall if you want a card for a balance transfer and not to use for purchases, this card will be one of the best on the market.  There are no rewards to go with the Egg Visa, but again if you are looking for a balance transfer deal this is one of the longest deals on the market, making it a great card for that purpose.

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