Is today the day stoozing died?

geet

JimmyTheWig wrote: »

Depends what rate you pay tax at.
If you don't pay income tax then 4% will get you 4% net, which is better than 3.1%.
If you happen to fall into the small bracket where you pay 10% tax on your savings interest then 4% will get you 3.6% net, which is better than 3.1%.
If you pay basic rate income tax then 4% will get you 3.2% net, which is very similar to 3.1%.
If you pay higher rate income tax then 4% will get you 2.6% net, which is worse than 4%.

For a standard rate tax payer you'd get about an extra £3 a year with £3k in Egg Money rather than a 3.1% ISA.
But remember that if you don't use your ISA allowance in a year you lose it. If you can afford to keep the money in there (i.e. repay the Stoozed card from elsewhere) then this may well, in the long run, be worth more than £3 to you.

Belated thanks for this - was away for three months but managed to arrange for isa beforehand and good i did - egg withdrew their 4% positive balance interest! But apart from isa, I think there is nothing much there to make stoozing worth it for small time stoozers like me:-(

JimmyTheWig

0% for 9 months with no fee from Virgin via MoneySupermarket.com.
Yay, we're back in business...

Strapped

JimmyTheWig wrote: »

0% for 9 months with no fee from Virgin via MoneySupermarket.com.
Yay, we're back in business...

Shhhhhhh

fluffysox

Does anyone know if you can access the new Virgin card if you already have a Virgin credit card- or have had one recently?
It might be possible- because I know for a fact some people have several MBNA cards- but was wondering f anyone has tried it.
Been offered Santander Zero card this week which has a no fee BT too so it really does look like time for another go at stoozing. (Our first attempt made a profit of around £500 despite falling interest rates after the first half year)

Any

fluffysox wrote: »

Does anyone know if you can access the new Virgin card if you already have a Virgin credit card- or have had one recently?
It might be possible- because I know for a fact some people have several MBNA cards- but was wondering f anyone has tried it.
Been offered Santander Zero card this week which has a no fee BT too so it really does look like time for another go at stoozing. (Our first attempt made a profit of around £500 despite falling interest rates after the first half year)

I think, but not 100% sure - you can have numerous MBNA cards, but each has to be slightly different. I have MBNA and now Virgin, but you cannot have 2 of the exactly same ones...

You can however try and call to cancel - see if they offer you anything.

fluffysox

Thanks any. Will try this

LongTermLurker

JimmyTheWig wrote: »

0% for 9 months with no fee from Virgin via MoneySupermarket.com.
Yay, we're back in business...

doesn't it say no fee for balance transfers, but 4% (iirc) fee for money transfers? I had a look and it seemed that to do a SBT it would cost £££ (cheques were listed (iirc) as 2.98% fee, so cheaper than a bank transfer)

No good for me anyway as I already have one :sad:

JimmyTheWig

LongTermLurker wrote: »

doesn't it say no fee for balance transfers, but 4% (iirc) fee for money transfers? I had a look and it seemed that to do a SBT it would cost £££ (cheques were listed (iirc) as 2.98% fee, so cheaper than a bank transfer)

Can do a balance transfer to Egg Money and then out into current account. Then back into Egg Savings.

LongTermLurker

JimmyTheWig wrote: »

Can do a balance transfer to Egg Money and then out into current account. Then back into Egg Savings.

True - never done it that was because in the past the fee was the same to your CA - MBNA are catching up - looks like I need an EM card :cool:

geet

I too received the Santander offer - it is 0% interest on BT up to August 2010 but 3% BT fee is applicable!

Was the Virgin offer without any fee??? I already have a virgin card:-(

Back in business may be, but where do we get a good interest rate? ISA rates are not that great now and Egg Money has taken away its positive balance interest which was superb while it lasted. Any tips?

Would like to get back to my small time stoozing...