Stooze to bank account


Been offered from Barclaycard Bank transfers - fee 1.9% until next year.

So transfer what I have on my BC which is around 1500 to Nationwide where I get 5% per month.

Good idea? Does this has any affect on your credit score?

Thank you :-)
If I've help in anyway, please remember to thank me :-)


  • molerat
    molerat Forumite Posts: 31,007
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I did not think Barclaycard did SBTs ?
  • mrchagle
    mrchagle Forumite Posts: 586
    Part of the Furniture 500 Posts Combo Breaker
    Yup they certainly do. Not available all the time but got a letter today
    If I've help in anyway, please remember to thank me :-)
  • YorkshireBoy
    YorkshireBoy Forumite Posts: 31,541
    Part of the Furniture 10,000 Posts Name Dropper
    Calculate your profit here...

    Some comments:

    1. You don't have a "credit score". Your credit rating will be affected by the debt created, but the impact will depend on lots of things.

    2. When using the calculator above, it will not take into account the fact that you may be able to put your own money into the FlexDirect the profit will be overstated.

    3. You have less than 12 months remaining on your introductory rate with Nationwide.

    And finally, I'm not sure why Nationwide are paying you "5% per month"...everyone else gets 5% per year! ;)
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