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Stoozing: free cash from credit cards

Discuss the art of making money by earning interest on cash that credit cards lend you at 0%.

Stoozing - do 0% no fee balance transfers exist?
I'm a first time stoozer and am weighing up how to go about it first time. My plan is just to take the max. credit limit and put it in savings for the 0% interest period. A few questions though: Do you still have to pay a minimum payment each month even though you don't want to (as it doesn't matter if you do or don't at…
Stoozing a Charge Card?
I use an Amex Charge Card for a lot of my regular spending. OK, there's an annual fee but reward points and some of the card benefits compensate somewhat. It's occurred to me that this is like an interest free credit card but only for a month at a time because it has to be paid off every time. However, there's usually…
First time stoozer - help needed!
Hi, as the title says i'm a first-time stoozer, who having read the MSE guide to stoozing will probably be better off using the simply spend method - which i intend to now do. However, I have a question - in the guide, martin says the best card to use is the tesco clubcard credit card. I went to tesco's website for the…
Barclaycard Goldfish rewards
Just got a letter from barclaycard to say that they will effectively be halving the value of rewards points from August. Any points currently held can be cashed in at existing rates so make the most of them while you can. Steve
Help Needed on BMI Baby Credit Card Free Flight Offer
Hiya, I was wondering if anyone has applied for a BMI Baby Credit Card for the free flight offer. I am hoping for both me and my partner to apply for one and get two free flights. However, after reading the t & c's on the website I was wondering if: 1) The flights you can book are really restricted as on the website it…
To risk a slow stooze application or not
I'm going on maternity leave in 7 weeks and am trying to keep as much money sat offsetting our mortgage as possible. Took out a first direct card for 0% BT in April - owe £12k on £13k limit. Have virgin card with mix of BT and 0% spends owe £10,500 on £17k limit. Tesco cc for monthly spend cleared every month. Currently…
MBNA credit cards
I was told today by MBNA that i couldn't increase my minimum payment by direct debit, the only way to pay more was through the bank or throught the MBNA website. I this normal? We are told everyday direct debit is the quickest easies way of paying bills etc but it seems to me credit card companies find every excuse to…
Stoozing
I thought I understood but now I'm confused again. I got a tesco clubcard 0% cc in march 2010 with a limit of £5k and spent £4900 on it in May. I am saving into my a+l isa and will have the money to repay the debt well before it's due in march 2011. I am making minimum repayments on the tesco cc. Should I be spending on…
Stoozing Warning: From self-employed to unemployed & very annoyed
A warning about stoozing & benefits. I've been self-employed for just over 2 years following continuous permanent employment for 13 years. A contract ended recently, another fell through & similar work in the near future didn't seem likely, so I decided to sign on for benefits while going for a permanent job again. I don't…
Goldfish points
Remember goldfish points are slashed on 1st Aug. Cash them in before then. Don't delay do it today.:money:
Understood the simply spend method, but have question:
Looking at the Tesco clubcard route I understand you need to make the minimum payment each month. If this is done, do you get charged any interest at all, or none? Or is it only 0% interest if you pay the FULL amount each month? Second Q: My Nationwide C/C has a limit of £1500 on it. If the idea is to spend solely on this…
Travelling and informing banks and CC Companies
I strongly suggest that anyone with NatWest cards tell their bank or the NatWest security centre before going abroad unlike the stated 'not necessary' status on the main page. I speak as one who has had to make several expensive mobile phone calls in the past to get the block removed. The same also goes for Barclaycard who…
A&L O/draft
Hi Sorry if this has been covered. I haven't done any stoozing for ages but this caught my eye. A&L do an interest free overdraft for 12 months, no fee and you don't have to switch any DDs (though they do give you £100 if you use their switching service). The overdraft limit is reasonable so it's a free stooze. Now I had…
Never spend on balance transfer card -Exception?
I understand why I should never spend on a card opened to accept balance transfers - the interest free balance transfer gets paid off before any money plus interest from new transactions . However, the Terms & Conditions of my new Santander credit card say that they will make my account dormant and charge a fee if there…
Title Deeds change of name and Deed of Gift
Last July my late mother left me her property in her will and probate has been completed. In Feb of this year I rented out the property and in receipt of monthly income. I contacted the Land Registry to find out the property has never been registered and they sent me the necessary forms to change to my name (which I hav'nt…
Financial information
Do credit card companies have the right to request all your details - outgoings, etc. if you are having difficulties paying them. Are you legally obliged to supply this information?
Cycling cash through accounts
Not actually a Stoozing question per se, but I figure you guys are the experts on gaming the system for benefit and maybe do similar things yourselves, so... I've got my eye on the new Halifax Clarity Rewards card. £5 a month just for spending £300 is an unbeatable cashback deal. The catch being you need a Halifax reward…
BoS PPI
:mad: Have recently taken out debt management plan. Have since found out that BoS are still charging PPi. So now owe mre than when I started. Their terms and conditions say that "your policy will terminate at the earliest of the following..... the date when you fail to pay two minimum payments on your credit card for two…
Can i sign my house over to my won
I am a widow living alone, I have 2 son 1 of which I am estranged from due to him taking large sums of money from me and my husband for many years. I have made a Will (explaining why I do not want my estranged son to benefit) leaving all to the other son however I am still worried that my estranged son will contest the…
Egg card balance transfer to current account
I have recently recieved an egg credit card which allows balance transfer to my current account with 0% until august 11 and 3% fees. But i was wondering that the best interest rate given for a saving account with easy access now is only 2.8%. So is stoozing worth it?? any help will be appreciated .. doing this for the…

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MSE News

Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.

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Stoozing: free cash from credit cards

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Stoozing: free cash from credit cards

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