Stoozing: Make Free Cash from Credit Cards article discussion

Afahmaep

My five definitions of Credit Card users are as follows

1. MUGS
2. RUGS
3. THUGS
4. SLUGS
5. SMUGS

Everyone on this board should be a Number 5.
The problem is that the number 3s and number 4s have moved into position numbers 1 and 2.
So the people now doing their number 1s and number 2s all over us are ??????

Afahmaep

Afahmaep wrote: »

My five definitions of Credit Card users are as follows

1. MUGS people who buy goods without thinking how to pay back
2. RUGS once owing money keep paying extortionate rates
3. THUGS people who deliberately spend with no intent of paying back
4. SLUGS people claiming off cc companies
5. SMUGS stoozers

Everyone on this board should be a Number 5.
The problem is that the number 3s and number 4s have moved into position numbers 1 and 2.
So the people now doing their number 1s and number 2s all over us are ??????

1. MUGS people who buy goods without thinking how to pay back
2. RUGS once bought keep paying extortionate rates
3. THUGS people who deliberately spend with no intent of paying back
4. SLUGS people claiming off cc companies
5. SMUGS stoozers

Afahmaep

Afahmaep wrote: »

1. MUGS people who buy goods without thinking how to pay back
2. RUGS once bought keep paying extortionate rates
3. THUGS people who deliberately spend with no intent of paying back
4. SLUGS people claiming off cc companies
5. SMUGS stoozers

and these people turn into

1. MUGGERS desperados
2. RUGGERS middle class England
3. THUGGERS bane of society
4. SLUGGERS fight to the death
5. SMUGGERS watch wait and hope

JimmyTheWig

I've got no idea what any of that means.

npw32jnw

Thanks for all your responses.
From my past experience with MBNA they will allow you to transfer a credit limit from one of their cards to another, therefore if you get a new one, they will transfer the credit limit from the other. I am going to try and get them to do a deal on the card I have just paid off, and then if they wont, will apply for a new one and then try to transfer the credit limit. Again, anyone had any experience of this?

huzzer84

If you have more than one MBNA card (up to 10 so I hear on here...), do you administer them all from the same online banking site? How does it work?

rodent

npw32jnw wrote: »

Thanks for all your responses.
From my past experience with MBNA they will allow you to transfer a credit limit from one of their cards to another, therefore if you get a new one, they will transfer the credit limit from the other. I am going to try and get them to do a deal on the card I have just paid off, and then if they wont, will apply for a new one and then try to transfer the credit limit. Again, anyone had any experience of this?

Yes lots ...have done this several times ...and been refused a couple of tims as well (but i apparently have in excess of 20 closed down accs on their system - i my name - so they are well aware of what i am up to !!! )

Thankfully i have a partner to "do it all again" with !!!!


The Rodent

nzseries1

mhurren wrote: »

If you have more than one MBNA card (up to 10 so I hear on here...), do you administer them all from the same online banking site? How does it work?

You sure do - I log onto my Virgin Money online banking and I can also look at my MBNA-run Alliance and Leicester credit card from the same screen. The first thing you do when you log in is choose for which credit card you want to see the details.

carlstubbs_123

hey,

ive never had a credit card before and i get the basic gist of stoozing, but theres a few things id like to no, on the virgin 0% card it says a 2.98% handling fee applies, what is this? im guessing it means out of the debt on that card i must pay 2.98% of it back?

also how much money will a credit card company lend you, if you have next to no bills to pay and have never had any money problems?

JimmyTheWig

carlstubbs_123 wrote: »

ive never had a credit card before

If you've never had a credit card before then it's probably worth getting one and using it every month (and paying off the balance in full, on time, every month) for a while before you think about stoozing.
With no history of credit card use you are unlikely to get the best deals and very unlikely to get decent credit limits.