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Zopa - likely credit limit?
Zopa have a 6 month 0% (fee free) deal at the moment. Anyone used them? If so, what were they like in terms of credit limit? I'm getting £5k-plus limits on other cards I sign up for - which would be worth me doing with Zopa - but I know some providers aiming at people with poor credit histories tend to offer low limits...
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Optimal credit utilisation on 0% card
Hi All, I have multiple cards with 0% offers for 2 years. I plan to apply for mortgage late this year/early next year. I was wondering if there is a magic number for credit limit utilisation? Is 80% or 90% or even 99% is okay and future lender wont frown at me. Currently paying monthly due on them all.
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Is a direct debit for credit card ever too high?
I haven't posted in a long while but I often check this forum as it has been very helpful throughout the years. Like many people here, I have been taking advantage of a 0% purchase card (18 months promo period) and the time has come to pay it all off. My question relates to the final payment of a 0% purchase card I have…
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95% limit on balance transfers
Most credit cards limit balance transfers to 95% of available credit limit - is this all balance transfers, of for each balance transfer made? Say I had a credit limit of £10k and made a BT of £9.5k. Could I then make a second BT of £475 (95% of the £500 credit limit remaining)? There is no BT fee
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Halifax Clarity - can/should I still stooze despite no Money Transfer offers available?
Hello, everyone, I've done a little bit of stoozing before, mostly the "buy stuff on 0% purchases and save" slow type. But I was thinking I wanted to stooze some more - mainly because I wanted to max my LISA now + in April, without withdrawing from any of my regular savers or emptying my 7% Santander Edge saver, plus to…
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Minimum payments and credit rating
Hi, I have recently decided to stooze some money via a free money transfer and then free balance transfer. My original plan was to just make the minimum payments on the balance transfer card, but then I remember reading something that said that only making minimum payments would be flagged on your credit report. Does…
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Instant Reloadable Voucher
It's a little niche, does anyone know if top ups to these types of cards are treated as cash advances by CC provider? They are similar to a gift card for supermarket shopping. A permanent one that I regularly top up as and when, so if I buy £100 it only costs me £95. I will use this anyway, but hoping to get double bubble…
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How many cards is too many?
Hi, I'm currently stoozing £12.5k across 2 credit cards, I'm thinking of stopping here but I've sort of now got used to seeing the balance build up in my savings and not leave my account so I'm considering a 3rd card. Is it a good idea or not? I'm very disciplined so there's no worries of accidentally stoozing a large sum…
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Sort of stoozing - 0% overdraft vs credit score?
I have a current account with £500 overdraft at 0% interest for 3 years. I'm currently debating whether to put the £500 in a savings account. Theoretically, this will increase my credit utilisation, but could look bad on my credit report due to having a long-term unpaid debt. I probably don't need the extra money from a…
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Interest at end of 0% period
I've got a Santander card at the end of its 0% period. I was too slow to apply for a new balance transfer card, so this will arrive after the 0% deal ends. Will this mean I'm just paying interest for the few days interest before I can balance transfer to pay off the Santander card, or will Santander hit me with more?
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Transferring money from a balance transfer to a current account
I'm a veteran stoozer who stopped about 15 years go once balance transfer fees were introduced and the financial crash hit. Recently however, I have noticed that Natwest are offering 0% BTs with zero fees and am considering getting back in. The only thing I'm a bit unsure about is the mechanics of getting your hands on the…
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How long to allow for Balance Transfer
Generally how long should I allow between applying for a new balance transfer card and 0% interest rate on my old credit card running out? Interest free period on my Lloyds account runs out on 29th - I've just (today) been pre-approved (Natwest's own soft credit check) for a natwest balance transfer card - is there enough…
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AMEX & Paypal
Hi, Someone has suggested transferring money from their AMEX credit card to me via PayPal friends and family. I then move the money from my PayPal account to my bank account and send it back. They say this won’t incur any charges. Is this correct? Thanks.
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Why are we ineligible?
My husband and myself are reasonably high earners - in fact, he's a higher rate tax payer. Our mortgage isn't excessive and we don't have massive childcare costs. We've been doing up our house and things are a little stretched at the moment so we decided to move some of our credit card debt onto a 0% card. But when I do…
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Experian- Natwest preapproved but already have NatWest card
I have about £6000 on a M & S 0% purchase card which is due to expire. I did a credit card search on Experian for a balance transfer card. A Natwest 14 month 0% fee BT card came up as 'pre-approved'. I already have a Natwest 0% BT card (accepted Sep 2022, 0% ends July 2024) and I owe £2800 on this. Is this a problem or…
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Slow stoozing credit card limit
I am slow stoozing an RBS 0% purchases for 17 months credit card paying just the minimum amount each month. My credit limit is just under £4K. My spending will mean I reach my credit limit 5 or 6 months into the card. I will try to get an increase in my credit limit about this time or should I get another 0% purchase card…
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Interest free overdrafts
Has anyone had a go at playing this game using overdrafts as well as credit cards? Is there anything to watch out for? Nationwide have just given me a quite generous 12mo 0% overdraft as part of a current account switch so my thought was just to max the overdraft and xfer it to a savings account...
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Vanquis account sold to a debt collection agency
Hello, just wondered if anybody else has had there Vanquis Credit Card account sold to a debt collection agency without any notice? Had a payment plan with Vanquis since Jan 2022 for the sum of £1500. Was paying £43 and as of Dec 22 I upped the payment to £100 has I could afford too. I also paid an extra £200 last month…
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0% Balance Transfer and 0% Spending needed - How to keep stoozing
Hi all, I have a Barclays Platinum Credit card - with £3700 - 0% spending offer due to expires on 1st February 2024 Only NatWest offers 0% Balance transfer, it is a no brainer to apply for that. However, NatWest only offers 0% spending for 3 months on the same credit card. Could I apply for the NatWest 0% Balance transfer…
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First time money transfer, worth it/do it ?
I had 0% purchase and 0% BT in the past , my existing VM card is offering 0% until end of may 2025 (17 months) with 3% fee. My limit is £3.5k I have 4 cc. 1 0% purchase 4k max out. 1 0% BT 3k max out. 1 4k limit 0% oversea zero balance Right now 44.77% ultizatation, as after MT it would be 68.83% I have money to repay all…
