Can anyone better this stoozing tactic?

davefromkent_2

I'm new to stoozing so I'm sure there's better ways of doing it....

I do all my spending on 0% purchase credit cards.

I have maxed out a Tesco CC with a £2800 limit.

I also have £2000 on a M&S CC with a £4000 limit which I will continue to spend on (roughly £400 a month).

The £4800 I have saved is in a Coventry Building Society Poppy Saver at 3.15%. I am able to put roughly £900 a month into this.

I have an e-ISA with Nationwide at 3.1% but I have already used my allowance.

My 0% period on my Tesco CC runs out in April. I plan on withdrawing £2800 from my Poppy Saver and paying it off a couple of days before.

I'm not sure if it would be better to do a cheap balance transfer instead (I know there's a 13 month RBS card with a very low 1% fee at the moment) and keep the savings in the savings account?

My 0% period on my M&S CC runs out in December so no rush there yet.

Any advice on better tactics or products would be greatly appreciated.

Many thanks

David

sterlingstash

24 month balance transfer card like Barclaycard (if that is still available?). I did that from a cashback card (earning max £100 cashback for spend in first 3 months on Capital 1) and the 2.9% fee works out pretty low over the 2 years.

splatt30

Use the stoozing calculator at https://www.stoozing.com
This allows you to plug in the details of balance transfer fee, duration, min paymnets and your savings rate and will then tell you how much profit you'll make. Then you can decide if it's worth the extar credit application and which is best