We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Stoozing Update required

Have done stoozing in the past (before the charges were introduced :rolleyes: ), but have become a bit lost as to the best Cards to use at the moment.

Which Card is the best one now to use as a 'conduit' to get the money into a Bank account?
Has the 'charges' had a major effect on the practice?
It has taken about 4,500,000,000 (4.5 billion) years for the Earth to form as it is now .........
and it'll only take about another 100 years for mankind to really **** it up!!!!

Comments

  • Clariman
    Clariman Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Which Card is the best one now to use as a 'conduit' to get the money into a Bank account?
    The Egg Money Card without a doubt.
    Has the 'charges' had a major effect on the practice?
    They have certainly had an effect on the profitability of some deals but there is still plenty of money to be made. Here is the latest Stoozing Update article which I wrote for the stoozing site. It looks at the current offers and challenges.

    Clariman
    Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk
  • When I was stoozing a year or so ago my stooze pot was over 150% of my yearly salary. As the cards came to the end I closed them AND got a written confirmation from the Credit Card companies to the effect that the account was closed. I've noticed a number of people have had renewal offers from past companies to take their Cards again ..... but I haven't had a sniff :o , so did I do the right thing by getting the Companies to give me written confirmation.
    It has taken about 4,500,000,000 (4.5 billion) years for the Earth to form as it is now .........
    and it'll only take about another 100 years for mankind to really **** it up!!!!
  • Clariman
    Clariman Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The normal time to get a renewal offer (if you get one) is when you call up to close your card. At that point they may put you through to a customer retention department to make you an offer to entice you to keep the card open. If you don't get a good offer then close the card like you have done. You can the return to them as a new customer (with new 0% offers) some time later.
    Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Has the 'charges' had a major effect on the practice?
    Well, I was just about to say yes.

    However, I see that Capital One have just launched a 7 month 0% fee-free product...unusual to say the least in the current climate.

    It's being discussed on the stoozing site at:

    http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1189022469/4#4
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.