Return of the Super-Stooze

oscardog

Have just started superstoozing again after a gap of about 5 years!!

Applied for the Fluid card and got it with a credit limit of around £15,000. Promptly stuck £14,000 to overpay our mortgage.

Even with the 4% transfer fee it is up against a 5.39% mortgage rate so that over the 15 months 0% period will save us a tidy few pounds. We were overpaying by £1000 per month anyway so that now saves up to pay off the card in 15 months time in the offset account. Double win.

Happy days. :T

bigadaj

Sounds good, presumably no penalties in overpaying additional amounts as well as your regular sums, as exceeding 10% could leave you with a penalty.

oscardog

Absolutely not. Can pay as much off as I like any time.

InsideInsurance

Looking on their website they only mention a 1.5% transfer fee (and no comment what you can transfer to/ from).... is there sub text somewhere about an additional 2.5% for a transfer to cash rather than credit?

gingeralan

InsideInsurance wrote: »

Looking on their website they only mention a 1.5% transfer fee (and no comment what you can transfer to/ from).... is there sub text somewhere about an additional 2.5% for a transfer to cash rather than credit?

That would equal the 4% the op mentions

InsideInsurance

gingeralan wrote: »

That would equal the 4% the op mentions

Hu?

I asked if there were the additional 2.5% had come from (because 4% minus the stated 1.5% on the website = 2.5%). Where it had come from, when it applies etc as there is no mention of it on their site

guesswho2000

Quoted from their website:
"0% on balance transfers for 15 months with a low 1.5% handling fee from the date your account is opened. For this great rate, your balances need to be transferred within the first 60 days of your account opening.*

0% on money transfers for 15 months from the date your account is opened (4% handling fee). For this great rate, any money transfers need to be made within the first 60 days of your account opening*."

So, 1.5% for card balance transfers, 4% for current account transfers.