Daz1967
I actually got an email from EVGA confirmed the RMA was complete along with confirmation of the collateral refund, which they say will take 3-5 days.
That is far more reasonable and what I was expecting (not sure why it would ever take 7-14 days...) and while having to pay upfront for the replacement card and then be reimbursed once the old one is returned is not exactly my idea of customer-friendly (bearing in mind the card was faulty out of the box...), the RMA was otherwise dealt with quickly and, so far, my new card seems to be working fine. It even overclocks higher on the VRAM, currently at +400 MHz. My old one was only really stable up to +250 MHz.
The charge is because of cross-shipping. If it was an ordinary RMA where you returned the faulty product
then they sent out a replacement, you would not have that temporary charge/hold. I'm sure you can understand that EVGA have to protect themselves - unfortunately there are people out there who would just keep both cards otherwise, but it's no reflection on you or me, we just have to put up with the consequences of the scammers. Enjoy the new card :)