From: NC
Newsgroups: uk.finance
Subject: Re: Egg Anniversary Date
Date: Mon, 09 Aug 2004 14:39:38 GMT
Chris Blunt wrote:
> On Mon, 9 Aug 2004 13:03:59 +0100, "Jane Tweedynn"
> wrote:
>
>
>>"dp" wrote in message news:cDmdnZR5R7teMovcSa8jmw@karoo.co.uk...
>>
>>>>I think it is only five months not six.
>>>>
>>>
>>>There is the interesting question of which statement the first interest
>>
>>will
>>
>>>be added to, as these are only issued once each month. I would expect the
>>>first interest to appear on the first statement after the six months is
>>>completed. If you pay the loan off before the prior statement you can be
>>>sure to avoid interest. If you pay the loan off the day before the six
>>>months is up, I would guess that, banks being banks, interest will be
>>
>>added.
>>
>>>Anyone got this sussed?
>>>
>>
>>I don't see this has being hard to understand. Firstly totally dismiss
>>statements, they are not important in the five months 0% interest issue.
>>
>>Whatever month you originally was accepted for an Egg card is you
>>anniversary month, irrespective of whether it was the first or last day in
>>the month.
>
>
> At which point are you "accepted" for the card?
>
> I received the credit agreement in the post towards the end of August
> last year and signed and returned it. On 1st September I received the
> email confirming receipt of the agreement and saying my Egg card had
> been sent out. On 5th September I received the card and activated it.
> Would my anniversary month be August or September?
>
> Chris
>
you will get an email telling you when the period for transfers starts.
If you have heard nothing so far I would guess that its sept for you.
Phone them and ask of you *really* need to know now.
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