The company, 79% of which is held by Prudential plc, has 1.92 million customers. Although Egg.com is best known for credit cards, it provides a range of other banking services in addition to insurance, investments, mortgages and a shopping portal.
The company said that its credit card business is now earning sufficient revenues to cover ongoing operational, marketing and bad debt costs in addition to the costs of the up-front incentive offers on the product.