We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
Should I come back to stoozing?

where_are_we
Posts: 1,166 Forumite


I think I should! I spend about £500 on purchases a month totalling about £9500 over 19 months. If I get accepted for a Nat West 19 month 0% new purchases credit card, I will earn very roughly £190 interest over the 19 months on the cash I put in savings accounts at 4% or more, taking into account the minimum payments. If I use my Chase 1% debit card for purchases I get 1% cashback equal to about £95. I should be about £95 better off over 19 months. I am not concerned about breaching my PSA because my OH benefits from the starter savings allowance and will hold the extra savings money. I know these calculations are rough and interest rates will change.
0
Comments
-
Yes, now stoozing is more profitable than cashback. Even with easy-access accounts you can get 4.5%+, but with regualr savers you can get up to 7% (£600 p.m. for two of you at First Direct).1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 349.6K Banking & Borrowing
- 252.5K Reduce Debt & Boost Income
- 452.9K Spending & Discounts
- 242.5K Work, Benefits & Business
- 619.2K Mortgages, Homes & Bills
- 176.3K Life & Family
- 255.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards