Accelerating my stoozing :)

QrizB

I've been slow stoozing with 0% purchase cards for a few years now but am thinking of stepping it up a notch.

I've got a 0% fee, 5.9% interest money transfer deal on Card A. I've also got a 2.4% fee, 0% interest 18-month balance transfer offer on Card B.

Can anyone see me coming unstuck if I take a £9k money transfer from Card A, then within a day or two move that by balance transfer to Card B?

I'll pay £216 in BT fees but if I put the £9k into my T212 cash ISA paying 4.79% (until April next year when the promo interest rate falls off) and earn about £600 over the 18 months, so I'm £400-ish up?

There's a risk the BoE cuts interest rates again, but they'd have to fall below 2% for me to actually make a loss over the period.

Altior

Works fine, technically the profit is slightly impacted by the monthly minimum payments. Sounds like it might be Nationwide though, which is usually only 1%. 

kimwp

This is what I did, when I started stoozing last year- 0% fee money transferred 30k onto 0% fee, 0% interest cards, so I was super lucky I think. Not getting any 0% fee offers now though and comparatively small limits.

I did each money transfer and corresponding balance transfer on the same day - still got charged a couple of pounds interest on the money transfer as the balance transfer took a couple of days.