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Maximising interest and cashback - TSB Account
Thinking of opening one of these purely for interest and cashback but wondering how all of you manage your balance to maximise these. Do you... a) Top up to £2100 each month and spend the £100 cashback? I like this idea, as while I'm losing a little bit of interest on the £100, I can use the balance as a gauge to know how…
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Using Revolut to Channel BT if you do not have a genuine balance
Using Revolut to Channel BT if you do not have a genuine balance from other credit cards. I am aware that MBNA card has been frequently used to channel to balance transfer, e.g. Asking to transfer the balance from Credit card with 0% on BT to MBNA and then asking incredit balance to be transferred to Current account of…
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Accidental purchase
Hi. I understand that if I make a small accidental purchase on a balance transfer card I will be charged interest on the purchase amount from day one - can I make an immediate payment to cover the purchase and thus stop any further interest being charged. Regards
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Money Transfer - be careful what you say
OH was offered a cheap money transfer offer by Halifax. He doesn't normally get involved in stoozing but I am maxed out so I told him to go for it. We have an offset mortgage and the MT fees would be less than the interest saved so it was worth doing. When they asked what he was going to do with the money he told them and…
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travellers cheques v travel cards?
i travel to thailand with my wife and up to now have used travellers cheques for spending money (approx £1000). now i know they may be outdated, but how do they compare with the new travel cards? i get a reasonable exchange rate but the service charge is now 150 baht (approx £3) per cheque hence i use the largest…
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More efficient cash release from 0% purchase cards?
I was thinking about this last night, but not really sure if its remotely feasible as it may require a merchant bank account which I haven't yet looked into. The two below applications are essentially ways to handle card payments without requiring an expensive card machine - one is a simple attachment which clips onto your…
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Banks obliged to notify end of 0% period?
Just wondering whether credit card issuing companies are legally obliged to notify the cardholder that the 0% rate period is coming to an end. Do they have to tell me at which date the 0% interest rate on my will revert to the standard rate? I have been keeping an eye on the statements themselves and there is no mention in…
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Non-credit score reasons for new credit card decline?
I have been stoozing for years now, onto my 5th card, however when trying to transfer my latest balance (of less than £2k), I have been declined. I have an excellent credit score of over 900, but now work part time (still have a salary over £30k actual), have a slightly lower salary and have only been in my job for 6…
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credit card cash withdrawal interest
Reading through Halifax Clarity T&Cs it seems to me that there is no way avoiding paying interest on interest for cash withdrawals even if paying balance in full by DD -or am I wrong? "We start charging interest from the date they are added to the account. We add this interest to your account on the statement date each…
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Credit Crd Debt agency
I have a 4 figure debt through a divorce, and have now had the amount transferred to a debt agency. After speaking to them and agreeing a figure that was 50% of the debt to clear the outstanding amount, I then received a letter stating that I could pay 25% to clear the outstanding amount. Just had a phone to collect…
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how do you start stoozing??
I'm finally going to be debt free apart from mortgage, how do I start actually stoozing to save for the next chapter.... can anyone point me in right direction please
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New to stoozing
I am about to start a 3 month long business trip where I will be using a credit card for all my expenses. It will cost me around £500 a week and my expenses will be reimbursed each week when I provide receipts. I currently have an American Express platinum cash back card which I have been using for the 5% introductory…
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Money Transfer Cards max balance
Hi, Long time lurker first time poster. I am looking at getting around £5K cash out of a credit card, hoping that it is the cheapest way of doing so. I need it for about a year, although two would be a bonus. I don't have any debt apart from a mortgage and about £1K on an Amex which I pay off each month, and about £200 of…
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Paying minimum payment when stoozing
I have just read on another thread that if you pay the minimum payment every month on a credit card then a marker is put on your credit record showing that you have made a minimum payment, and that if these build up it could affect your ability to get future credit. Is this correct and if so does this not have implications…
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transferring out then back in to halifax
i have an offer of 18months 0% on a halifax credit card. and have some debt that is getting interest on. I have another card with different bank but it does not have 0%. if i transferred from halifax to this one, then transferred back to halifax on their 0% offer would that work? after transfer to other card sould I wait…
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Vanquis
Stupidly i got a credit card from vanquis and my credit limit is £3,000, unfortunately over time i am up to nearly the credit limit, i pay £150 a month but only £25 comes off the balance the rest is interest, is there any way i can transfer to another card, i cant afford to pay any more than this a month and not behind…
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Tip - Use Barclaycard for back-door Super Balance Transfer !
Hi all, Last month I got the Santander 123 Credit Card no-fee Balance Transfer for 23 months. I then messaged Barclaycard via t'internet banking site and asked them to confirm in writing that if my Barclaycard Credit Card Account (currently with zero balance) goes into positive balance as a result of a balance transfer…
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Credit card gift cards
Hi - has anyone used pre loaded credit cards as gift cards? I am looking to give a gift to a relative of a trip overseas and will need to load about £3K onto a card that they can use to book flights, hotel and some spending money. I thought a card would be safer than travel vouchers but I can't seem to find a card that…
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Current account interest
Thinking about moving £2000 from my ISA and opening a TSB Classic Plus account. I understand I will have to pay tax on the interest I earn, how do I go about paying the tax. Is it done automatically or do I have to fill in a Self Assessment tax form?
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Stoozing newbie
I have a tesco credit card which has 0% on balance transfers and purcahses for 21 months. Since I am about to move house I will have some big buys coming up. I have the money saved up in an ISA for things like washing machine, bed, fridge, etc. I plan to use my tesco CC to purchase them all, then transfer them off onto a…
