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Egg launches internet credit card

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.

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