Egg the internet banking arm of Prudential has launched an internet credit card.
The egg:card will be run through the egg banking site. It will have an introductory interest rate of 4.5 per cent rising to 9.9 per cent after six months.
As a further incentive the card will pay a 1 per cent cashback on purchases.
The card will have no paper statements and extra charges will be levied against customers making contact via the telephone.