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Continue stoozing?

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  • MallyGirl
    MallyGirl Posts: 7,201 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    See the post # 41

    A lot less money to be made these days with transfer fees and low interest rates. Back in the day Egg would offer a £10K fee free money transfer that would go straight into my 8+ % offset mortgage. Worth doing then - I am winding down these days
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    I know I have said before on here somewhere, but for me my stoozing activities aren't about making money per se . Its more about offsetting the difference between interest rates and inflation and passing the loss onto the banks. So if nothing else I stand still when inflation is taken into account.
  • stphnstevey
    stphnstevey Posts: 3,227 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    As interest rates are low (not a bad thing if your borrowing on a mortgage), more riskier investments need to be used to turn a profit. These come with increased risk and not always timed to meet the CC needs.
  • swindiff
    swindiff Posts: 976 Forumite
    Tenth Anniversary 500 Posts Name Dropper Newshound!
    I'm still making around £100/month so still worth is for me atm
  • MushyPeas
    MushyPeas Posts: 3,104 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    swindiff wrote: »
    I'm still making around £100/month so still worth is for me atm

    It's useful to know it's working for some people, thanks.

    I'm starting from scratch so will be a while before I make that amount of profit!
    Previous debt: £14K :embarasse Debt free: Sept '03 :DMFW#42 Mortgage OP savings £4271.18/£12000 2019 :)Started dating OH Mar '12, married Oct '12, Walnut born Dec ' 12 :A SPC 12: 99 £38.05/£500 Make money Jan: £412.34/£310 :T Feb: £88.79/£280 May: £215.52/£310 June: £18.98/£300
  • cloud_dog
    cloud_dog Posts: 6,322 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Can I enquire if anyone knows if the existing Santander 27 months, 0%, zero fee allows money transfer in to a bank account?
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    cloud_dog wrote: »
    Can I enquire if anyone knows if the existing Santander 27 months, 0%, zero fee allows money transfer in to a bank account?

    This one
    https://www.santander.co.uk/uk/credit-cards/everyday-credit-card

    Then on.
  • cloud_dog
    cloud_dog Posts: 6,322 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Yes that one.

    EDIT: I assume 'Then on' means 'Then no'.
    Personal Responsibility - Sad but True :D

    Sometimes.... I am like a dog with a bone
  • mrs_T
    mrs_T Posts: 1,017 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    https://www.santander.co.uk/uk/credit-cards/everyday-credit-card
    Can someone tell me if this card allows multiple balance transfers at different times up to the 95% of credit limit? I have a current balance to transfer but may have more later. I'm guessing yes with interest free up to 27 months from the first transfer.
  • ceredigion
    ceredigion Posts: 3,709 Forumite
    Eighth Anniversary 1,000 Posts Photogenic
    cloud_dog wrote: »
    Yes that one.

    EDIT: I assume 'Then on' means 'Then no'.

    Yes, no
    ……….
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