Need help with the calculator!

bootman

Sorry, I am being dim this morning!

I have a Virgin MBNA on the way for 1st time stoozing with a £9500 limit.

If I put it into a 6% account non tax payer, repay the £25 a month, what will my profit be at the end of 15 months?

Also can I just call and say I want the £9500 to be transfered to a bank account without any other charges apart from the 2.98% fee.

Thanks

NickX

First things first, you don't want to transfer the full £9500 because the addition of the 2.98% fee will take you over your Credit Limit.

Virgin usually allow you to transfer up to 95% of your limit for this reason. This works out at £9025.

Using this calculator http://www.stoozing.com/calc.htm

I have worked out that you should make £399.88 :beer:

NickX

bootman wrote: »

Also can I just call and say I want the £9500 to be transfered to a bank account without any other charges apart from the 2.98% fee.

Yes you can call them to request a transfer to your Bank Account, but as mentioned above this will most likely be limited to 95% of the £9500, i.e. £9025.

With the additional 2.98% fee, your starting balance will be £9293.95