Egg pulling out of France

[Iceni]

It has just been announced that Egg is closing its French operation. We were thinking of getting an account with them, are there any alternatives with a similar rate of interest.

Thanks, Di
http://www.iceni-it.co.uk

[Miki]

We have had an EGG account almost since the day it started here.
It was for us an excellent card, 1% cashback at the end of each year, this more than covered the annual charge and in fact gave us a healthy "rebate". We even got the first 6 months free and 5% cashback for the first 3 months.

Reports say have been closing for the last year or so and now after searching for a French partner and none appearing, it does look inevitable.

The facts are, that quite simply the French could not believe that a "bank" could offer cashback and no catch. To date, only 115,000 French (and me!) have taken up the offer.

EGG reckoned on a million customers at first but downgraded to 750,000 but still the French would not join, traditionalists to the end!! Sooner pay the banks and stores silly money for the joy of having a Carte Bleu.

The card was simplicity itself, each month, on a self designated date they took the money from your own bank account and also offered credit at excellent rates for those that wanted it.

If EGG, owned by Prudential, a well respected English financial institution, can't make it with an offer of this kind, well I doubt there is another similar card in the market place, is there?

Miki