Can I Stooze with a Cooperative Bank Credit Card?

zzzLazyDaisy

This is going to be my first Stooze, so apologies if I am asking the obvious...

I am with the Cooperative Bank. I have been offered a CC with a 0% intro offer. Can I do an SBT to a current account with this?

If not, can I BT to my Egg card, and then SBT to a current account? If so, would Egg charge for this, and would I be better to wait for my Anniversary in July, to do this?

Many thanks for your help :A

oscarhugo

I don't think you can stooze with a Co-op card.

You CAN use your egg card as a mule however. If you search through the pages & pages of threads (!) you'll see various bits & bobs about doing it but -- what you do is [as I was advised by others] - you B/T onto your egg card [assuming it has no debt on it] and so put it into credit. THEN you stooze from egg into your current account & from there to savings.

Have fun!

zzzLazyDaisy

Thanks. Does Egg charge for acting as a mule, or is the transfer out free if the CC is in credit from the earlier BT? Thanks again!

realaledrinker

Worth taking 30 minutes to read

https://www.stoozing.com

from cover to cover before you start stoozing.

If you have not already committed with the Co-op, ask for their Travel Credit card instead; this has 7 months at 0% on BTs and purchases and a range of other benefits.

zzzLazyDaisy

realaledrinker wrote:

https://www.stoozing.com

.

This was really helpful, thanks. No, I haven't committed to the Coop card yet - I asked them to phone me back as I was unsure what to do. So I will ask for the Travel Card, thanks for that tip :beer:

Reaper

zzzLazyDaisy wrote:

This was really helpful, thanks.

Even more helpful if you go to the version of the page that isn't missing all the content. You'll find it here: http://www.gemnet.freeserve.co.uk/index.htm

Curry_Queen

Ermmmmm ... can anyone tell me what stooze and mule means please

Reaper

stooze = borrow money from credit cards at 0% interest and put it into a savings account to make money.

mule = many cards only allow you to balance transfer to other cards. The way round this is to transfer the money to a card that does allow it (the "mule"), and from there on to your bank/savings.

For more details see the link in my previous post.