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Credit Card for student
Hiya - I'm wanting to get a credit card to build my credit rating. Although it's showing as 950 on Experian, my report also says I have a very weak chance of getting accepted for a card - with a 25% hit rate. I've never had a credit card before, so don't know where to start. I have 1 line of credit at the moment, which is…
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Section 75 and Car Rental
Rented a car from a rental company in Mallorca. The car I got was not that booked but a so called similar car. The car was not road worthy in so far as there was a knocking sound whilst driving and the tyres were worn below the tread at the front. The queue to complain at the airport was huge and the helpers in the…
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How will the Bank of England cracks down on credit affect stoozing?
Hello all, I've been lurking around on this forum for years. Finally decided to join the community that has helped me so much! What are your opinions on how will the Bank of England's cracks down on credit affect stoozing?
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fees abroad
what is the cheapest way to pay university fees abroad in dollars? Credit card or bank transfer etc???
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paying university fees abroad
cheapest way to pay university fees abroad in dollars?
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Credit card interchange fees
In 2015 the EU introduced a new law capping credit card transaction charges at 0.3%. I booked a cruise with P&O and they charged me 1.5%. I told them it was illegal but they said their website clearly stated the charges and it shouldn't be a surprise to me. After a few wasted phone calls to their customer services team,…
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Small purchases with BT card
Hi all, Is it a good idea to make a less than the minimum payment purchase with a BT card every month? So if I pay the minimum payment, it will pay off rather the purchase and the balance will remain nearly intact. Am I right that I still don't pay interest with this method?
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What happens if you go over the transfer limit (but not the credit limit)?
I made a BT to a Halifax card today and by transferring the 'amount available to transfer', I have managed to go past the 90/95% (would need to check my spreadsheet) allowed for transfers. 1) Is this a major issue? I.e. can they demand repayment 2) Are the figures that show the amount available to transfer unreliable? This…
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Repeat Money Transfers
I've just opened 2 MT cards with Virgin and MBNA. I've also completed 2 BT's to a tesco card and requested another £5500 MT from the tesco card. I'm just wondering if there are limits to how many times you can use money transfers from a card. For example, the tesco card talks about transfers within the first 90 days. If i…
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Multiple credit cards, stooze pots and credit limits
Hi All, I just thought I would share my recent bout of applying for multiple credit cards in one weekend for stoozing/offset mortgage. I will share my cards, limits and situation so others can see what they could look to possibly obtain if they have similar circumstances and for reference. Please also share your cards,…
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Prepared to pay interest
If the stock markets crashed say 40%, I'd be tempted to use my stooze pot to buy equities, even if that meant interest on a card. The main risk is that the recovery will be slow, so it really depends on what the card rate is as to how much time you have I think considering that it shouldn't be prohibitive to stooze…
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Credit limit on 0% Balance Transfers
I have finally got around to going through the process of transferring my debt to a 0% balance transfer card. I used the MSE 'check eligibility' and chose the best deal for me, which was the MBNA 0% for 37 months with a 1.45% fee. I had been 100% pre approved using the MSE eligibility checker, great.... I thought...…
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Will credit rating suffer stoozing?
I'm tempted to have a regular saver and hold out on paying of 0% card till the end, but is it worth any credit rating penalty for keeping a high utilisation, and being slow to repay the balance and unprofitable? Or are banks generally cool as long as i haven't been late with the minimum payment? I intend to take out a new…
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Rejected. Twice. Why?
I am confused by how credit card application decisions are made. I have only been stoozing for three years now and have done so carefully. My first card was a Lloyds 0% Purchase card with a £12k limit, which I used the majority of. When that came to an end I applied for a Santander 0% (and 0 fee) BT card, with a £5,200…
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Any 0% BT cards for low incomes but good credit history?
I have a balance of about £1000 on a card coming up to the end of the 0% period. I'm currently living on income from savings and investments, so can only truthfully claim an annual income under £5k for this year. I did a soft check with the MSE calculator for a balance transfer card and got a 90% with a high street bank I…
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What's the formula to work out minimum repayment
I have an amount of credit card debt I wish to transfer to a 0% card (approx. £10k). Can anyone please help with a formula to work out the minimum payment per month I am assuming the following detail would be needed * Loan amount (balance to be transferred) * Length of 0% term (may not be required) * Interest rate…
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mbna money transfer
I have a virgin cc with 0% and a balance of about £4000 0% till next year Barclaycard 0% about £1500 First Direct 0% till next year Mbna card with 3 different balances and time scales but they were all 0% MBNA Card - 2 of these 0% offers have come to an end and I have no other cards to transfer it on to for more 0% MBNA…
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Fee free MT cards?
Is there such a thing as a new customers 0% MT card, or is it only offered to existing customers as a promotional thing? Thinking about getting back into stoozing as I tick all the boxes for straightforward applications (job history/homeowner/good 'score'/very low credit utilisation). Basically trying to come up with a…
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Preacceptance, what credit limit ?
Good morning, I am in the market for an interest free credit card deal as my current one expires shortly. I have had a look and completed the pre eligibility checks on this site and have been pre approved for several including the Virgin 0% deal. My query is how do I know what my credit limit will be before I apply ? I…
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How to build up a stoozing pot?
OK. I am totally new to this stoozing thing. I've read the guide and I get the principle but am unfamiliar with the detail of how this works. My understanding is it works like this: 1. Open a credit card account with a 0% interest introductory rate. 2. Do everyday spending (mainly food, fuel) on the credit card. 3. Make…
