How much have people made from stoozing credit cards

barginboyrob

Hi, i was wondering how much people have made from stoozing credit cards? It seems to me that it's takes ages for a small return...

I'm not sure though, I'm just a newbie

Bokkens

This has been a regular question for further details see if you can search previous posts as I can remember some of them being very detailed and one as high as £80,000.
Personally I'm somewhere just over £1500,I don't really keep such a a careful eye on how much it is now although I used to.
I tend to save ours towards holidays each year so it isn't wasted.
You have to apply the stoozing thoughts to everything you see as there may be a way of securing that extra cash .Graduate loans are a good example as they are tax free provided by the government for two year periods or more,just stick it in savings accounts or ISA's etc and collect two years later.
There have been people here who just keep adding to a "pot" and have been very successful,it is tighter than it used to be but there are opportunities to stooze still.
Good luck.

YorkshireBoy

barginboyrob wrote: »

Hi, i was wondering how much people have made from stoozing credit cards?

There's a poll on the stoozing site here:

http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1164885186

Personally, I've made (and saved with my offset mortgage) around £3K per year since I started...and I'm nowhere near the top of the leaderboard.

It seems to me that it's takes ages for a small return...

I agree it's more difficult these days, but there are lucky breaks still to be had. For example, I recently called to cancel one of my cards (after around 4 months of dormancy) and was promptly offered a fee-free 6 month 0% BT - resulting in a very welcome £15K addition to the stooz pot.

barginboyrob

wow, i didn't know it was so much! jeeez

Not sure if I have the dedication, because probably i'd miss the 0% date or something...

Bokkens

barginboyrob wrote: »

wow, i didn't know it was so much! jeeez

Not sure if I have the dedication, because probably i'd miss the 0% date or something...

I'm on 42 mnths with A&L at 0% they just keep offering me 0% it's great!
I don't think it comes down to dedication ,when you start you worry about errors and charges and fees etc. but when it starts to come together and you aquire "free" money and it adds up and your there on a Floridian beach drinking ice cold Bud because the credit card companies gave you the cash to go you cannot help but grin!
Get stuck in and enjoy yourself start off slow and build up,the big gains are in over payments on your mortgage get a low fixed rate (probably too late now) mortgage no tie in's and with £5000 overpayments per year and you are stoozing just in a different way.

prestatyngirl

barginboyrob wrote: »

Hi, i was wondering how much people have made from stoozing credit cards?

Over the years, more than £100k from stoozing/cashback etc.

barginboyrob

bloooooody hell!

Ok, i think i'll start this then, i'm only a student but was wondering if it affects credit ratings etc?

So, to earn that much, you have to have 100's of cards right? Say i get £2000 free overdraft from my student account...then i dump it in ing direct at 5.5% I would make £110 in that year..ya

Bokkens

prestatyngirl wrote: »

Over the years, more than £100k from stoozing/cashback etc.

would you like to explain that a little ,break it down so we can see if there is anything we haven't yet tried.

Bokkens

barginboyrob wrote: »

bloooooody hell!

Ok, i think i'll start this then, i'm only a student but was wondering if it affects credit ratings etc?

So, to earn that much, you have to have 100's of cards right? Say i get £2000 free overdraft from my student account...then i dump it in ing direct at 5.5% I would make £110 in that year..ya

That's a start and yes it does affect your credit ratings.As you settle accounts the rating bounces back up and dips as you take out other credit.
Don't forget to invest where you pay no tax first otherwise the tax man eats into your free cash.It would be nearer £88 after tax.If you put it in a ISA @ 6.20% you would get £124.

prestatyngirl

Bokkens wrote: »

would you like to explain that a little ,break it down so we can see if there is anything we haven't yet tried.

Discussed in more detail here: http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1117557229

cardman wrote:

Breakdown? The 100k is obviously an estimate but worked out like this:

Rebates: £10500 - accurate figure - I kept records.
Cashback: £10,000+? - I have records of actual cashback in £££s but there are also some £1200 Asda/M&S vouchers from Goldfish, £200 Tesco vouchers from Midland/HSBC, hundreds of £££s in Clubcard vouchers from Tesco (they actually gave you points for writing out cheques to yourself - fabulous), plus others.
Incentives/freebies: £2000+? - numerous bottles of wine, CDs (especially from Barclaycard - dozens of them), theme park vouchers, radio cassettes, digital clocks - far too many to recall - as well as £100s from refer a friend schemes.
Interest: £70,000+? - for the last 5 years, until fairly recently, I easily averaged over £10,000 pa, the majority of which is untouched and reinvested. With the previous years' interest and compounding, £70k is probably a pessimistic estimate.
There are probably other items I can't recall, so £100k is not too far out.

Bokkens

Yes I read cardman's post a couple of years ago.
It reads as though it was you that stoozed a 100k .I must have miss read it!