Slow stoozing - next steps


I have an offset mortgage and have been slow stoozing for the last few months on a Santander card.

I am now approaching the credit limit of the card (have DD set up for minimum) and have the full balance in one of my offset aaccounts. There is over 12 months til end of 0% and I decide next steps - pay off /BT

Am thinking about getting another card and repeating exercise and have a few questions:

- will I be able to secure another 0% card with a good credit rating as technically I have a 10k credit record?

- will my ability to remortgage be affected by having two (or more) "maxed" out credit cards even though I will have full balance in my offset account



  • YorkshireBoyYorkshireBoy Forumite
    31.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    The answers to both your questions are 'possibly'. Without knowing your income(s) and other financial circumstances nobody here can answer your questions with any degree of certainty.

    Someone else in a similar situation with Santander here...

    If you're in exactly the same situation, ie it's a 1-2-3 card, then you ought to consider that approach instead of another 0% on purchases card due to the cashback available as well as 0% on purchases.
  • jamesdjamesd Forumite
    25.8K Posts
    Part of the Furniture 10,000 Posts Name Dropper
    Whether you can get another card depends on the scoring of that card issuer and your income and other circumstances. It's likely.

    It will have an effect on a remortgage application because the cost of debt repayment is normally deducted from available income when working out affordability. However in the case of stoozing some lenders would be willing to disregard stoozing debt if you explain what it is. Other lenders would disregard the savings entirely and just treat it as debt.
This discussion has been closed.
Latest MSE News and Guides

Did you know there's an MSE app?

It's free & available on iOS & Android


Regifting: good idea or not?

Add your two cents to the discussion

MSE Forum

Energy Price Guarantee calculator

How much you'll likely pay from April

MSE Tools