I Don't Get It

58 Posts
I don't understand Stoozing. If you build up payments on a Credit Card with a 0% purchase. I understand that money you would have used to pay the credit card off can be in a Interest savings account earning some money. But if you want to Balance transfer, doesn't the 2~3% balance transfer fee wipe out the interest you can earn on that money in a savings account?
#confused.

0
This discussion has been closed.
Latest MSE News and Guides
Replies
Now the fees have kicked in and the mortgage rate is lower so it is less worth it, so the slow stooze (putting everything on 0% purchases card and paying the min) is the way to make a bit.
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
All views are my own and not the official line of MoneySavingExpert.
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected].
All views are my own and not the official line of MoneySavingExpert.