Time to Stooze again

swindiff

Now rates are back up thought I would have another go at Stoozing

Just applied for the following 2 cards

Natwest 0% for 14 months with no fee, Credit Limit of £10k, balance xfer limit of £9,500
Tesco 0% for 15 months with 0.99% fee, Credit limit of £9,400, balance xfer limit of £8,930

I shall use my Halifax Clarity card (£15k limit) to transfer the money into my bank account and then do the balance transfers to the 2 new cards

Total fee for transferring is £88.41

Stick it all in my Tandem account at 5% and with compound interest should return 
£1,144.13

Profit of £1055.72

Fingerbobs

I did the NatWest a few months ago, and also the RBS and Ulster Bank equivalents - got the same (9.5k) credit limit on all three cards. Also just opened Santander (0% for 12 months no fee), 10k limit.

swindiff

Cheers, I'll have to check Santander, I didn't know they had a no fee card available.

swindiff

Just applied for the Santander card.  Only a £5900 limit but it all adds up

skycatcher

swindiff said:

Now rates are back up thought I would have another go at Stoozing

Just applied for the following 2 cards

Natwest 0% for 14 months with no fee, Credit Limit of £10k, balance xfer limit of £9,500
Tesco 0% for 15 months with 0.99% fee, Credit limit of £9,400, balance xfer limit of £8,930

I shall use my Halifax Clarity card (£15k limit) to transfer the money into my bank account and then do the balance transfers to the 2 new cards

Total fee for transferring is £88.41

Stick it all in my Tandem account at 5% and with compound interest should return the 
£1,144.13

Profit of £1055.72

So you're borrowing the money from the halifax card and transfer the debit to the natewest etc?

swindiff

Yes that is correct.  The Halifax clarity card allows you to transfer 93% of your credit limit into your bank account with no fee.  The APR is 6.9% but as long as it is transferred to one of the 0% cards on the same day I will pay no fees at all for the money transfer.

MasterplanC

I recently played that game, taking the Clarity money transfer Monday morning and then immediately doing a balance transfer to NatWest. I was charged £1.70 of interest, but not too bad anyway.