Stooze to bank account

mrchagle

Hello.

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 :-)

molerat

I did not think Barclaycard did SBTs ?

mrchagle

Yup they certainly do. Not available all the time but got a letter today

YorkshireBoy

Calculate your profit here...


http://www.stoozing.com/calculator/stoozcalc.php


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 account...so 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!