"Thinking" Egg Money card launched
Online bank Egg has launched a new card that encourages and enables consumers to spend money responsibly.
The card acts as a personal advisor to the consumer, by telling them exactly how much they can spend after all of their outgoings have been deducted.
The system takes away all bills from a person's salary, including mortgage payments and direct debits, and then calculates the remaining money that can be spent.
This money is then loaded onto the new Egg card, stopping people from spending more than they can afford and also offers them weekly texts, informing them how much cash remains in the account.
'Liberating our spending money from the more mundane things in life would not only save us money, but would enable us to understand, control and budget more efficiently. It's time to change how we spend,' said Mark Nancarrow, Egg's chief financial officer.
The card offers one per cent cash back, four per cent interest on balances, and charges 6.9 per cent interest on negative balances, making it one of the most attractive cards on the market for all areas. | 
