Stoozing - do 0% no fee balance transfers exist?

orcharddrive

I'm a first time stoozer and am weighing up how to go about it first time. My plan is just to take the max. credit limit and put it in savings for the 0% interest period. A few questions though:

Do you still have to pay a minimum payment each month even though you don't want to (as it doesn't matter if you do or don't at 0%)?

Do you have to pay it off with savings at the end or is it possible to transfer the debt to another 0% card and keep the first lot in savings, but with no balance transfer fee?

Thanks in advance

orcharddrive

Ah, I think this might be the super balance transfer method which apparently isn't profitable at the moment. Can you still get a no fee balance transfer for the more complicated method?

Tixy

Hi

You still must always pay the minimum on time every month with any 0% card. Failure to do so will mean you lose your 0% deal and revert to standard rate.

Only no fee 0% card is I think santander zero (only a 6month deal) - have a look here for more info - http://www.stoozing.com/0fees.php

Jammi

You will still need to make the minimum payment each month, typically 3-5% of the outstanding balance

At the end of the 0% interest period you can transfer the balance to a new 0% offer( assuming you are able to get one)

The major obstacle to you plan will be the balance transfer fee. Santander Zero is the only card I can think of that currently does not charge a fee if you are a current account holder. The fee is usually about 3% of the amount transfered, and sometimes 4% if transfered into a current account.

Current savings interest rates mean you plans are may not to be profitable.