123 Rotating Credit Facility?
in Stoozing: free cash from credit cards
3 replies 1.6K views
Just got the 123 CC with 23 months balance transfer, which seems to be for the life of the offer, ie no 'must be transferred within xx days of opening'. Does this mean that the card can be topped up with balance transfers from other cards that have this time limit and the credit limit re-sets itself for subsequent stooze till the offer runs out? I could look at the T&Cs till the cows come home to find the answer, or not:)
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Not sure whether their algorithm doesn't add up all the transfers you make and only allows you to go to 95% of the original credit limit, or it allows you to transfer as much as you want as long as you don't go over the real time running credit you hold, as it's paid off by the transfers in. If the latter, I'll look for any stoozing opportunities if they exist.