Offers for BT or MT
My existing Barclaycard is offering me a 0% BT for 20 months (3.3% fee) or 0% MT 19 months (3% fee). I am tempted to take the MT and add it to my stooze. From looking at the ts and cs I believe I could do this now, then let the next DD go through for the previous statement total, cancel the DD, make a manual payment to…
Stoozing end of the line - Some Advice Please
Hi I have been stoozing for around 10 years, my current pot is £38K spread
over 8 cards. I'm now finding new offers on my existing cards drying up. In the past I
would empty a balance transfer card when it came to the end of its offer
period, leave if for a few months and then a new attractive offer would pop up.
BT offers - 0%?
I took out a Lloyd's card in June with a 15k limit. Interest free till Nov 24. Currently it's sitting at 10k balance so I have a few more months before I need to switch/obtain another card. I've not stoozed before but at these rates it makes sense, as well I can rapidly pile up the stooze account as a some of that 10k is…
Thoughts wanted on BT offers
Hi I have £2000 I'd like to BT. I have the money to pay it off if needed. One credit card offering 0% interest 3.5% fee for 18 months so on £2,000 would be £70 fee. Could put this money in an 18 month bond at 6.05% AER so I calculate at the end of 18 months It would be £2185.16. So taking the fee and the capital off of…
Using Paypal to turbocharge Stoozing
Hi all Today I opened a Cahoot account and sent the majority of my money there. I then realised that I had a payment I needed to make, and it will take 7 days before my internet banking is up and running with Cahoot. Rather than call them and try and return some of the money over the phone, I instead decided to send some…
Question re timing
Well I decided to have a go at this, I think I'm doing everything right but would appreciate any comments from seasoned stoozers. I have been accepted for an RBS 0% balance transfer (for 16 months) zero fee card, and requested to transfer almost £6k balance from another card. I was previously intending to pay that balance…
New to stoozing
Ok, so I've never had a credit card before, but I've been looking into this stoozing for a while and feel it might be worth a go. I do have a mortgage, which has 3.5 years left of a 5 year fixed term. Will doing this affect me when remortgaging in the future? Also, if I do get a card, how do you pay off the minimum each…
Virgin Money money transfer offer - did I miss something?
Hi, I have recently got a credit card with Virgin Money that gives 0% on purchases until May 2024 and used only a small part of my credit limit there. They now offered me 0% balance or money transfer until Feb 2025 with a 2.5% fee, which is way better than the introductory offer (3% on balance transfer, 4 % on money…
New to stoozing - can I make a 0% interest one- off payment to British Gas?
Hi All. I’m a stoozing newbie, but read up on MSE advice and successfully applied for a Virgin Money card and a HSBC card (I didn’t mean to get both - long story but fine!) We owe British Gas £2000 because of paying too little on DD for ages; they have just put the DD up a lot to claw it back. I’d rather pay a lump sum and…
NatWest 0% Spending Card APR
I just got access to the app and it states that the APR is 23.9%, located under the credit limit - is this what others also see? The pre-contract email states that it's 0% for the first 23 months but the app says the APR is still 23.9. I'm just used to paying things off in full each month and just want to be sure, as I'm…
Clear Vehicle HP with CC, Then Balance Transfer
Hi, Hope someone can advise. I have a vehicle HP that I'd like to clear with my CC, then transfer the balance. Should I pay the HP, then apply for a balance transfer card or apply for the transfer card before clearing HP with CC. How can I be sure I'll get a transfer card with enough credit to move the credit over? Thanks
Stoozing with YNAB
Hi, I have been stoozing for well over a decade now. I have recently started managing my finances using YNAB. It works really well when I am buying things with my current account but I cannot think of a workaround to use it for stoozing. Has anyone on here managed to find a way to combine YNAB with stoozing (that is fairly…
I'm new to this but if an existing credit card is offering me a money transfer on 0% for 15 months with 3.5% fee with about £14K available, does this mean what it seems... So I can tell them to transfer £14K to my current account, for a one off fee of about £500, and then I could make say 6% interest on that or whatever in…
Range of cards available for Stoozing
If I have taken a card for this for say 23 months, and then I pay off the card and close the account down, does that mean I can never Stooze with that company again, or could I then re-apply after a certain amount of time later? I'm just wondering because on this website there aren't actually that many cards available for…
Should I come back to stoozing?
I think I should! I spend about £500 on purchases a month totalling about £9500 over 19 months. If I get accepted for a Nat West 19 month 0% new purchases credit card, I will earn very roughly £190 interest over the 19 months on the cash I put in savings accounts at 4% or more, taking into account the minimum payments. If…
Spending on a stoozing card?
I have a Virgin Money credit card, which is my usual card for spending. I like it because it earns 0.75 Virgin Miles per £ and has zero commission on spending in Euros. I also have a very chunky credit limit. They're offering me 18 months 0% Money Transfer for a 2.5% fee, which sounds great if I can stooze at 6%. I am…
Guardian online Article "Credit cards: new UK rules could mean end of O% interest deals"
Is this the end? https://www.theguardian.com/money/2023/jul/22/uk-credit-cards-rules-o-interest-deals-bank-accounts Some 0% interest deals rely on customers missing payments to make money – which count as a ‘bad outcome’ under the FCA’s new rules. These are just a few of the possible outcomes from a big shake-up of UK…
Min Payments on Credit Cards
When borrowing on credit cards you have to bear in mind the minimum payments due on the amount borrowed. Say for example you borrow £6,000 at 0% for 24 mths with a 3.2% fee. That fee equates to 1.6% per year . Putting the borrowed money in a savings account you can expect to get an interest rate of 4.35% - 6% per year. So…
Barclaycard 0% money transfer question- direct debit
Hi, If I do a money transfer of say £10k from my Barclaycard to my bank account to take advantage of the 0% rate (albeit there is a 2.6% fee), what is the best way to arrange my direct debit each month to avoid paying off as much as the interest free debt (ie the £10k plus £260 fee) until the end of the promo period? I…
How to increase credit limit of specific cards or be given high credit limits?
Hi MSE, I have been with natwest for a long time and applied for their 0% card and was given a 7.8k limit. Most other cards I get tend to be 1.2k-3k. I have never successfully requested a credit increase. My situation; self employed, variable salary but huge savings about to be used to cash buy a home. Is the only reliable…