0% Credit Card to Stooze on Mortgage

Halifax do a credit card with £0 cash withdrawal fee. Tesco do one with a 0% balance transfer fee.

If I (open an account with both and then) withdraw up to my limit on the Halifax card, can I then transfer the balance to my Tesco card, pay 0% interest for a year, and use the cash to make an overpayment on my mortgage?

The intention is, of course, to make a single overpayment now reducing interest on the mortgage due to lower balance, then making a repayment on the credit card each month (which will accumulate no interest).

It all seems to make sense but I've never stoozed before! Is it all above board?

I currently overpay monthly on my mortgage each month by direct debit, interest being calculated daily.


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