Stoozing - How well did you do?

CannyJock

Still money for nothing And the £ 420 will help pay for the valium you had to take when Kaupthing went belly up. Or if like me you had money in Kaupthing and IceSave then maybe it won't be quite enough

Still money to be made, but takes a bit more effort. Have a look at some of the A&L and Abbey 6% accounts, spread your pot over them and there's still a half decent profit. Getting a workable repeat on the Virgin card might be a problem though, don't know anyone with a decent offer in last 6 months.

Wyndham

torontoboy45 wrote: »

I'm now ready to post: an unspectacular £420 acquired courtesy of the virgin 15 month deal and the kaupthing 7.01% fixed term deposit (later transferred to ing with a rate commitment). 1yr term expired on june 5.

for me, stoozing is now dead in the water until IR's pick up again - hopefully in 2010.

If it was £4.20, then I would agree it was unspectacular - but £420 is hardly a small amount, so you should give yourself a pat on the back.

I agree about stoozing being dead until IR go up again though - I don't think it's worth the effort, even for a slow stooze.

YorkshireBoy

Wyndham wrote: »

I agree about stoozing being dead until IR go up again though

Once I've settled my M&S TC stooz I'm down to my last £9K on a Halifax repeat deal (6 months 0% fee-free). If it wasn't for my £10K A&L current account stooz (sat in Halifax fixed at 5% until November) I wouldn't be making much these days at all.

I don't think it's worth the effort, even for a slow stooze.

Slow-stoozing will always be profitable. As to the 'effort'...if you have to administer a credit card why not a 12 months 0% on purchases card?...especially (and with the exception of Amex 5%) since most cashback cards are limited to 0.5%/1%. Plus there are secondary cashflow benefits to be had by using slow-stoozing cards.

CannyJock

And it keeps a level of activity for the inevitable increase in IR