Egg, a UK-based internet bank, has launched a new credit card – ‘The Egg Money World MasterCard.’ The bank said that the new card offers various benefits such as: 1% cash back on all purchases at MasterCard outlets globally – from a minimum of £5 to a maximum of £200 per year; 8.9% life of balance transfer – with no balance transfer fee; Egg Rewards – up to 25% off deals and discounts on 15 selected online retailers; extended warranty – 12 months’ additional warranty for electrical item costing more than £50 bought with the card once the manufacturer’s warranty expires.
The company said that the card also offers services like Price promise, Purchase protection, Event cover, Personal travel accident insurance, Extended warranty and Online spend tracker. It said that the Egg Money Manager allows to view all online accounts from any bank on one page.
Bert Pijls, CEO of Egg, said: “At Egg we wanted to create a card that gives people real value. So we reviewed the market, matched it against what certain customers want, and created one stand alone card.”
“Egg Money is for people who want to earn cash back from either everyday spending or expensive purchases and be protected at the same time. It is also for customers who want certainty in their transfer rate so they can take more control of their finances whilst continuing to be rewarded for any new purchases,” he added.
