I'm pondering stoozing and it would be really helpful if someone could check my numbers to see if I've understood it correctly.
I should spend as normal, but on a 0% credit card, paying the monthly minimum, putting the cash I then "save" into a savings account and paying off the full amount just before the end of the 0% term. At the highest regular savings rate of 2.75%, a £300 monthly credit card spend would generate approx. £50 per year?
I initially thought that the idea was to keep building a stoozing pot by using 0% balance transfers, but it looks like these have transfer fees higher than the savings accounts interest rates so that wouldn't make sense?
Am I missing anything?