Is there a limit to Stoozing

Organgrinder

I currently have three 0% spend cards with £24k available which I'll max out around Xmas. Roughly speaking I should make approx £1,200 from them.

Will look to either transfer or pay off and start all over again!

Best bit though, two of the cards have 6% regular savers available too! ( Rest is in an ISA for tax reasons).

Fingerbobs

ussdave said:

Fingerbobs said:

I'm currently ticking along at £48k spread across 5 cards, but now out of fee-free BT options, so can't increase (I never bother with cards that charge BT fees). 

How many fee free options are there on the market?  I feel like I've probably not looked hard enough as I'm only aware of Natwest/RBS...

As well as NatWest/RBS/Ulster (it's possible to open all three), there is also a Barclaycard (12 months) and Santander (12 months) currently available, both fee-free.
Santander allows you to have more than one card with them (I still have a Santander Zero card as well) but Barclaycard don't and I'm not eligible for the 0% one because I already have a Barclaycard.
I'm also still running a Halifax 0% card which is apparently no longer available to new customers (but they also permit more than one card). 
Tesco and Virgin also have 0% BT offers with only a 1% fee, which you may be interested in. 

ussdave

Fingerbobs said:

ussdave said:

Fingerbobs said:

I'm currently ticking along at £48k spread across 5 cards, but now out of fee-free BT options, so can't increase (I never bother with cards that charge BT fees). 

How many fee free options are there on the market?  I feel like I've probably not looked hard enough as I'm only aware of Natwest/RBS...

As well as NatWest/RBS/Ulster (it's possible to open all three), there is also a Barclaycard (12 months) and Santander (12 months) currently available, both fee-free.
Santander allows you to have more than one card with them (I still have a Santander Zero card as well) but Barclaycard don't and I'm not eligible for the 0% one because I already have a Barclaycard.
I'm also still running a Halifax 0% card which is apparently no longer available to new customers (but they also permit more than one card). 
Tesco and Virgin also have 0% BT offers with only a 1% fee, which you may be interested in. 

Useful info - thank you

ZeroSum

ussdave said:

Fingerbobs said:

I'm currently ticking along at £48k spread across 5 cards, but now out of fee-free BT options, so can't increase (I never bother with cards that charge BT fees). 

How many fee free options are there on the market?  I feel like I've probably not looked hard enough as I'm only aware of Natwest/RBS...

Only fee free one I've had us Zopa, which was only for 6 months, and they tell lies about min payments

Next best is Tesco, which have had 0.99% for 15 months.

Then after that, had a few that were 1.5% per year, ie 2.25% for 18 months, 3% for 24 months etc

pecunianonolet

Fingerbobs said:

ussdave said:

Fingerbobs said:

I'm currently ticking along at £48k spread across 5 cards, but now out of fee-free BT options, so can't increase (I never bother with cards that charge BT fees). 

How many fee free options are there on the market?  I feel like I've probably not looked hard enough as I'm only aware of Natwest/RBS...

As well as NatWest/RBS/Ulster (it's possible to open all three), there is also a Barclaycard (12 months) and Santander (12 months) currently available, both fee-free.
Santander allows you to have more than one card with them (I still have a Santander Zero card as well) but Barclaycard don't and I'm not eligible for the 0% one because I already have a Barclaycard.
I'm also still running a Halifax 0% card which is apparently no longer available to new customers (but they also permit more than one card). 
Tesco and Virgin also have 0% BT offers with only a 1% fee, which you may be interested in. 

Worth to mention, unless it has changed so DYOR, is that Santander allows you to do unlimited transfers throughout the full term. I had one with 22 months before they got several cuts. So when a card was due, I check what head room I had left with Santander and maxed them out again (even if only a few hundred quid) and paid off the rest. 

For Barclays, I had a spending card initially (slow stoozing) and didn't get another offer. However, the OH, which didn't engage in stoozing (sort of back up to have access to credit cards in case things get cancelled or other funny business banks do nowadays) at all accepted that it makes sense to push some cash on after my offers were all dried up. Barclays is one of the few who doesn't bother where the debt is coming from, so pushed mine over to her card. 

https://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards/#accordion-content-0609009948-6

block10

Im stoozing £70k+, but now despite an excellent credit score dont qualify for any new credit cards. I guess due to "responsible lending"

Nasqueron

block10 said:

Im stoozing £70k+, but now despite an excellent credit score dont qualify for any new credit cards. I guess due to "responsible lending"

It may well be responsible lending, it's nothing to do with the fake credit score. If your income doesn't support any more lending, pay a bit down and then try again?

swindiff

I currently have just over £40k spread over 6 cards.  Nat West seem to be the best atm.  I have a card with them whose 0% BT runs out in January which has a £10k balance transfer limit.  I actually applied for another one this month and was quite surprised when they gave me another card with a £10k limit. 

Archerychick

I have a fair amount stoozed, and usually add one more in December January time as I have a large chunk of spending (not only Xmas but also car and house related) at this time of year so makes a decent balance transfer sum. I had looked for deals last month but nothing without a fee.

Looked again yesterday and Virgin Money came up at 0%, with no fee for 9 months. Credit limit above what I would like to transfer, with a 60 window to do any transfers. One of my other card deals ends in February, so I’ll transfer that across to this new card which then extends it out to August time. 

The money for both amounts above, are either in a flexible ISA or instant access savings earning 4.5 or 5%. I’ll now look to lock away some of that into a bond to lock in the 4.5% amounts

dinosaur66

just clicked on the thread from the word stoozing which i had never heard off

reading the thread the old saying is true "learn something new every day"

before lockdown since i last purchased something on a credit card and maybe used a credit card 10 times in 40 years

when reading this thread i could have been making money from them instead of thinking they were a thing to avoid.