Cashback with Stoozing.

Chris_J28

could i use one credit card with a cashback of say 1% return to make all of my purchases with and then use a 0% purchase card to pay off the original cashback card, and then pay the minimum off the purchase card and save the rest in a high interest ISA?

would this be feasible to take advantage of both stoozing and cashback? iv never had a credit card before so i have no clue. Would it also have implications on my credit rating?

Chris.

M_Thomson

Chris_J28 wrote: »

could i use one credit card with a cashback of say 1% return to make all of my purchases with and then use a 0% purchase card to pay off the original cashback card, and then pay the minimum off the purchase card and save the rest in a high interest ISA?

would this be feasible to take advantage of both stoozing and cashback? iv never had a credit card before so i have no clue. Would it also have implications on my credit rating?

Chris.

No, you can't pay off a credit card using a purchase offer from another credit card. You can do a balance transfer to another card, but this will often incur a fee which will negate any benefit from the cashback.

ironlady2022

The fee can be anything from 2.5%-3.5%