Back in 1999 when Egg launched its (then) new credit card, it was hailed as the saviour of the consumer. The credit card product was better than anything else on the market for almost every application. The card offered a competitive standard APR, along with 1% cashback on all purchases.

Egg made a promise to its customers that they would be offered a ‘0% anniversary balance transfer offer’ each year on the anniversary of the opening date of the account. This has been a great little earner over the last few years, personally I have been able to borrow £xx,xxx (my credit limit) for 5 months interest free each year. Investing this at even standard bank rates makes a profit of £500-£1000 per year depending on your credit limit.

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