We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Cashback with Stoozing.
Chris_J28
Posts: 4 Newbie
in Credit cards
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.
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.
0
Comments
-
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.0 -
The fee can be anything from 2.5%-3.5%0
This discussion has been closed.
Categories
- All Categories
- 345.8K Banking & Borrowing
- 251K Reduce Debt & Boost Income
- 450.9K Spending & Discounts
- 237.8K Work, Benefits & Business
- 612.7K Mortgages, Homes & Bills
- 174.3K Life & Family
- 251K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards