Dagobert wrote on Mar 11th, 2010 at 9:36am:A friend told me that he had his cashback paid last year. However, Egg clawed back the overpayment through the following year's spend. Has anyone else experienced this?
Yes, I think most of us had the cashback clawed back on our March 2009 statements, which puts you in a weird negative cashback situation.
My cashback was showing as -£200 from my March 2009 statement onwards. This meant once Jan 2010's statement had been generated, I had to run £40K from Egg Money to Egg Savings before Feb 2010's statement to get the £200 cashback this time!
The cashback isn't always clawed back. Unfortunately there doesn't seem to be much rhyme or reason why, although I think we might have narrowed it down at one point to newer accounts nearly always clawing back and older ones being more hit and miss.
Whilst the pullman method is working, it seems a bit of a waste to use Egg Money conventionally for the 1% cashback. I put a bit of spending through to show willing and have it in reserve as a back up card but it might be worth considering a slow stooz card or another cashback card for genuine spending, as you can get the £200 cashback via pullman in any event.