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Stoozing?
melbury
Posts: 13,251 Forumite
My first visit to this board - what is Stoozing? Sorry to sound so thick!
Stopped smoking 27/12/2007, but could start again at any time :eek:
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Comments
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I wonder why you've not had a reply?
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Don't worry. You're not alone. Until I visited this site, I had no idea what it meant, although I'd been doing it for years!
Some credit card companies periodically offer to lend money at a promotional interest rate which is very low. 0% is not uncommon.
Stoozers borrow the money and save at the highest interest rate available. When the promotion ends, the balance is either paid back or transferred to another low interest credit card.
Either way you've earned interest on money they’ve lent you for free! Thanks to the magic of compound interest, this can be quite lucrative!People who don't know their rights, don't actually have those rights.0
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