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The valley of death - seek advice on 0% spending cards stoozing, offers drying up, what to do next?
Comments
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I'm not very experienced at this, but I find that the more cards I have the lower the credit limit I can get on new cards, and also the less likely I am to get 100% eligibility guarantee for new cards on the eligibility checkers like the MSE one. You could just try applying for both at exactly the same time and see what happens - I've not tried this yet, I thought I might try it next time I need a card (the coming month).
Cheers :)
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After applying for Tesco and Virgin BTCC`s without success I thought that I was going to have to pay off the £8k of debt on my 0% Lloyds CC. I already knew you can`t get a balance transfer CC with the same bank ie Lloyds, but had success in applying for a Halifax BTCC with the same 34 month 0% BT with a 3% fee as the Lloyds BTCC. Though they are in the same banking group they allow this. Now all we need is highish RS interest rates for 34 months!
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If you haven't already, you can get £4k at least in the Edge Saver linked to a Santander Edge account (don't activate the fee), they closed the option to have 2 apparently. Chase have a 4.5% 1 year boosted saver as well for new users + £50 if you use a referral code
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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This is the first time I have used a fee paying 0% BTCC. Stoozing for 34 months at 0% paying a minimum 2.5% DD every month after paying the BT fee of 3%. A rough calculation of paying a little over 1% for 34 months BT money albeit with a highish 2.5% minimum DD reducing my stoozing pot and a fee of 3%, I should be able make a bit out of it. Nasqueron - my OH and I have 4 Edge Savers @6% between us (hopefully they don`t withdraw that option) with a balance of £16K. We have numerous RS`s probably averaging near 6%.
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The old accounts aren't being closed, they are just blocking you from opening 2 sole ones (you can now open a sole, Edge Explorer and joint + 3 savers)
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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