I'm a newbie and I don't understand

alunp

Hi

I understand that a credit card lends me money at 0% and I can save money at higher than 0%.

What I don't understand is how I get my hands on the money. My credit cards will allow me to buy stuff, and allow me to transfer balances, but how do I get hold of cash to put into my savings account?

I know its a silly question so please be gentle

tomstickland

good question.
Egg Money is one answer.
This is a credit card so you can BT "from it" (move money into it).
It pays 4% on positive balances, which is useful.
It also allows Balance transfers "from" bank accounts.

grumbler

See links Super BTs and Balance Transfers in the blue box above.

Also: REVENGE! Make Free Cash from Credit Cards and http://www.stoozing.com/full.htm

tomstickland

And https://www.stoozing.com

YorkshireBoy

Fundamentally, you need a credit card that allows Super Balance Transfers - examples being Egg Money, Egg Card, Mint, and 'some' MBNA run cards. The process is/can be different for all cards so a close attention to detail and a thorough understanding of each products T&C's is necessary.

A lot of this is covered by some excellent articles, such as those referenced below. However, as deals change all the time, you must always do your own research.

Click 'Super BTs', 'Stoozing', and 'Balance Transfers' in the blue box above your first post for general advice.

Visit https://www.stoozing.com/full.htm for a full guide containing step-by-step instructions & diagrams.

See also, stoozing.com's guide to 'Egg Money for stoozers' (and subsequent discussion) at http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1126159522

grumbler

YorkshireBoy wrote:

...Click...'Stoozing'... in the blue box above your first post

YB, there is no such link in the blue box on this board ...

pardal51

grumbler wrote:

YB, there is no such link in the blue box on this board ...

Despite being colourblind, YES there's a stoozing link (in red) on the blue box.;)

grumbler

pardal51 wrote:

Despite being colourblind, YES there's a stoozing link (in red) on the blue box.;)

Oops ....