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Credit cards
Hi to all,I have 3 credit cards...Argos,£40.00 per month. Capital One £70 per month. Vanquis £75.00 per month. I'm retired and I find this all a great worry for me.Please help if you can.I have not used the cards for some now.What would be your advice for me? Kind regards John:rotfl:
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Sainsbury’s credit card owe ME money
I cancelled my credit card with Sainsbury’s mid March and received a confirmation letter Dated 5 April acknowledging this and stating they owed me £485.78. 2 weeks later I contacted them saying I had not received it... now numerous complaints to customer services then to the chief executives to no avail... various…
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Using currency card as a mule
The abolition of fees on credit cards has opened up the possibility of using a currency card as a mule card. If you get a purchase credit card with long interest-free credit period, you could spend the maximum amount on topping up a foreign currency card such as a FairFX card. Such cards then allow you to transfer the full…
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buying a car with a 0% credit card
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Virgin positive balances.
Just applied online for a balance transfer to Virgin, and as part of the process got the message "If your Virgin Money Credit Card account is in credit please contact us before requesting a balance transfer to avoid any unnecessary fees." Does this add Virgin to the list of issuers happy to transfer a positive balance to a…
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New to Stoozing
Hi All, I have a mortgage but no other immediate debts and the only credit card I have ever had which I still have is a Clarity card. I like the concept of stoozing but using the money for enhanced savings, rather than using the card for immediate purchases which I would generally pay for on my debit card. Can someone help…
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Using Student Loan to pay off credit card
Hi guys. My first post so please be gentle. I have £10,000 in credit card dept, 1 has £8,000 (with the 0% offer coming to an end soon) and 1 has £2,000. I am just getting to the end of university and haven't needed a student loan because my work funded me. I randomly looked into a student loan and I am eligible for…
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How do mule cards work?
Hello all, I've been seeing a few mentions around here of using an MBNA card as a 'mule' to transfer a positive balance, and I was wondering what the idea is (I've done some googling and searching of the forums, but haven't turned up an explanation of the basics). I understand that the idea is to put the money-transfer…
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Advice needed
My partner has an overdraft with lloyds, currently £900 and paying £1.70 per day to be in it. What’s the best thing to do, my credit is better and more chance of getting credit to pay it off. We are paying £100 per month at the moment to pay it off so wondered should I get a 0% credit card for 12 months? I wouldn’t be able…
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Barclays as a mule
Hi All, Long time stoozer, not much of a poster :-) Current stooze pot is 30k against my offset mortgage which is now saving me 60-70 in interest each month - over 2k since this mortgage started. I haven't been using BT cards via a mule for a very long time (still missing Egg)... I've seen people do this with Virgin and…
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Paying off a credit card with another credit card for points
Hello, I currently have two credit cards with zero balances. The first is AMEX British Airways. I use this for work expenses (fuel, train tickets etc.) and pay this off monthly. I’ve just taken a second credit card out, the Halifax Clarity credit card. This card also has a zero balance, I’m yet to use it. My reason for…
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Best Solution for Next Step
Hi, looking for advice re my next step. I have a c/c - my 1st and only, almost maxed out, (£2000) all money lying in wait in bank account until 0% runs out in Dec this year. I had ideas of using the cash then replacing some each month till Dec, then paying c/c off in full, but not sure if this is the right thing to do,…
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Dorothy Perkins Store Card - Balance Transfer
Hi I was hoping someone can help! I've had a Dorothy Perkins store card for some years now, its not a Mastercard one. Its the old style one. I am paying a stupid amount of interest each month, I've tried to do a balance transfer to a 0% credit card but it wont let me. Does anyone know how I can sort this out? Thanks in…
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Hoq to quickly build up a stooze balance
Hi I heard about stoozing for a long time now but earning 1.2% savings by stoozing never appealed to me. I have a different purpose for it. I find that when I get credit card debts I tend to be highly motivated to pay it off fast. I am also more focused and work hard and do lots of side things to make more money. I was…
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Credit card help required
Hi, I owe £8763 on two credit cards, Barclaycard and MBNA. My minimum repayments are currently £135 and £45 respectively. I've had an offer from MBNA of a money transfer at a rate of 4.9%pa until April 2022. I'm considering doing a money transfer of £8763 into my current account and using those funds to 'pay off' the two…
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A little help for a newbie stoozer please
Hi all, Love reading the forums! I’d like some advice/guidance (from anyone willing to share any knowledge!) about the basics of stoozing. I have read martins step by step guide, however I’m left questioning the final step. What would you suggest would be the best step to take- repay? Or BT? And why? As I understand it you…
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dilemma, pay car with cc?
hi again all... so ive decided to pay off my car finance early in full (8,300) to save myself 1200.. however im unsure as to weather i can? or should try and spread it across my 3 cc's, effectively using that as my stooze pot. my other option is to pay it with savings(saving the 1200 and also impacting my credit score…
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Balance transfer advice
Hello fellow moneysavers, Looking for a bit of advice on preparing for some BTs in late 2018 and early 2019 when my 0% deals end, which will be my first rollover of stoozed money. I have about £15,000 to roll over, currently split across two cards close to their limits, plus another £10,000 on other cards that will run on…
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'Unable to verify' refusal on balance Transfer
Hi On MSE credit checker I was rated 100% likely to get balance transfer card. I have 999 credit score. So I clicked on the approved link and entering eligibility info it tells me they are unable to verify my approval status. Can anyone explain to me why this is and how I go about getting a good BT deal? Cheers
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Faster returns than stoozing?
Just noticed that quidco and topcashback offer cashback for applying for credit cards. Cards can pay up to £50 per successful application but average is between £20-£30 per card on quidco and topcashback. For low spenders this can be just as lucrative as stoozing away £5000 at 1% in a year. I applied for post office 30…
