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The day my stoozing ended :(
Nice_guy
Posts: 124 Forumite
Hi Ladies and Gents,
Looks like our stoozing ability has come to an end!
Our FD offset mortgage opened 4 months ago and the plan was to open and use as many 0% on new purchases credit cards and stooze the money against our offset mortgage balance.
Since our offset opened we have managed to accumulate a total of £32750 worth of credit limit across 4-5 cards mostly on 12 month 0% deals. Of this credit limit we have used approx £26k and expect the remainder of our available credit to be used within December.
With this in mind I thought I would try my luck and apply for another card to carry on our spending spree. So I applied for a Sainsbury CC today and got rejected! Bummer! So it looks like I’ve exhausted my CC options. The OH has only one CC so we could apply for another card on her name.
I knew this day would come and tbh honest I'm quite surprised we have managed to get £32k+ of credit card credit within a 4 month period. God knows what we would have been able to get when they were throwing money at people.
Now we'll just leave this money offsetting against our mortgage and when the 12 month offer period ends we'll pay it all back (as I doubt there will be a fee free balance transfer card available) - and then we'll have to start all over again!
Looks like our stoozing ability has come to an end!
Our FD offset mortgage opened 4 months ago and the plan was to open and use as many 0% on new purchases credit cards and stooze the money against our offset mortgage balance.
Since our offset opened we have managed to accumulate a total of £32750 worth of credit limit across 4-5 cards mostly on 12 month 0% deals. Of this credit limit we have used approx £26k and expect the remainder of our available credit to be used within December.
With this in mind I thought I would try my luck and apply for another card to carry on our spending spree. So I applied for a Sainsbury CC today and got rejected! Bummer! So it looks like I’ve exhausted my CC options. The OH has only one CC so we could apply for another card on her name.
I knew this day would come and tbh honest I'm quite surprised we have managed to get £32k+ of credit card credit within a 4 month period. God knows what we would have been able to get when they were throwing money at people.
Now we'll just leave this money offsetting against our mortgage and when the 12 month offer period ends we'll pay it all back (as I doubt there will be a fee free balance transfer card available) - and then we'll have to start all over again!
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