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Egg reassures cardholders

Credit card provider Egg has reassured cardholders that none of its most popular card features will be disappearing in the near future.

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27 April 2009

Egg reassures cardholders”

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Credit card provider Egg has reassured cardholders that none of its most popular card features will be disappearing in the near future.

The promise follows news the internet-based bank is scrapping credit interest from May 15th for Egg Money's MasterCard customers.

However, a spokeswoman for the firm insists the change will affect very few people

Eggs claims only a small number of customers currently over-pay their credit card bills to take advantage of the 4% return on their balance.

The spokeswomen told the Guardian: "Few Egg Money cardholders keep a meaningful positive balance on their card and most chose the card because of cashback, which they will continue to receive, plus the additional [provision of] insurances."

Egg is currently offering 0% balance transfers until June 2010 on its website.

Those wishing to take advantage of the offer are advised a 3% fee applies and all applications must be made before July 1st.

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