any way to fast stooze into a mortgage...?

Stupid question perhaps and I'm guessing "just slow stooze it" is the right answer, but I was wondering if anyone had managed to convince Britannia/Co-op to take a lump sum overpayment from a credit card, and have it show as a purchase on the cc statement?

That 16 month 0% card with Tesco looks like a bit of a winner, especially as I overpay the mortgage anyway so could just pay say five grand off with the card then build a cash pot to pay the card off later. (or BT it and pay more off the mortgage again...)

Comments

  • haycorns
    haycorns Posts: 356
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    i'm leead to believe you can buy sterling travellers checks rom a tesco travel shop at 1.2% % which ount as a cash purchase. These can be paid into a current account , then you can overpay you r mortgage
  • pjread
    pjread Posts: 1,100
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    Cheers good thought - has anyone done this, isn't paying travellers cheques into a uk account a bit weird?

    TBH I've never used travellers cheques so I expect I'm wrong!
  • argomatt
    argomatt Posts: 272
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    I used travellers cheques from M&S paid into my UK bank to do exactly this. I had never used travellers cheques before either, but nobody seemed surprised I was doing it or even questioned it.

    Unfortunately M&S no longer do travellers cheques, but having a go with the Tesco ones is on my list for the future.
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  • haycorns
    haycorns Posts: 356
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    pjread wrote: »
    Cheers good thought - has anyone done this, isn't paying travellers cheques into a uk account a bit weird?

    TBH I've never used travellers cheques so I expect I'm wrong!

    I've done £8500 this week! If you don't mind looking a bit of an idiot signing all the cheques at the counter its fine.

    If you order your cheques online then thy send you lots of little ones. In store you can sk for £100's. I did moine in 4 batches.
    Oh and you have to wait for them to clear too.
  • jimjames
    jimjames Posts: 17,489
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    haycorns wrote: »
    i'm leead to believe you can buy sterling travellers checks rom a tesco travel shop at 1.2% % which ount as a cash purchase. These can be paid into a current account , then you can overpay you r mortgage

    Does cash attract interest immediately even on a 0% card?
    Remember the saying: if it looks too good to be true it almost certainly is.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541
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    edited 9 November 2013 at 1:04PM
    jimjames wrote: »
    Does cash attract interest immediately even on a 0% card?
    Usually, yes, but the Tesco credit card treats travellers cheques bought from them as a purchase (for interest purposes, although there's a 'cash limit' applicable). This means up to 51 days interest free normally, but up to 18 months 0% on the right Tesco card.
  • stevemcol
    stevemcol Posts: 1,666 Forumite
    Yorkshire Boy, just interested; I haven't Stoozed for ages. From these discussions, I'm guessing there is no such thing as a super balance transfer card anymore? Like the old Egg Money for example?
    Apparently I'm 10 years old on MSE. Happy birthday to me...etc
  • MallyGirl
    MallyGirl Posts: 6,512
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    There are a few around but the fees are quite high
    http://www.stoozing.com/credit-cards/super-balance-transfers.php
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