Stoozing success

Kantankrus_Mare

I noticed in my sunday paper today that Halifax are doing a card with 12 months 0%.

Never done the stoozing thing before ....but am very interested in money for nothing

Would this be an ideal product?

peoplesrepublican

Yes, this would be an excellent start. the Halifax One card looks good.

They turned me down though, on the basis of my existing credit. So assuming you haven't already got thousands owing, you should be ok.

Kantankrus_Mare

Have just applied

Have no major debts but my only concern is I have applied for it in my own name......any cards we've had before have been in husbands name and I dont earn a huge wage so worried I may be turned down.

Could apply in Hubbys name but I want to do this on my own as he hasnt a bloody clue where money is concerned and thinks im crazy for even contemplating doing something like this and like many other posters friends and relatives thinks its all too much effort.

peoplesrepublican

I would get hubby to apply. You can fill in the forms etc and he just needs to sign where appropriate. Your lower wage will definitely work against you.

all he has to do is set up minimum payment DDs and that's it, you can look after the rest. He can pay the stoozing money into a savings account that belongs to you, and you can make sure the right amount is made available back in his current account for the MP each month. Simple. In fact if you get an account like cahoot, you can make the payments directly yourself (but then you would need to do it manually each month).

Get him told!

Kantankrus_Mare

!!!!!! ive already done it now! but did put him as second card holder so maybe theyll accept?

Was looking at one of accounts i can open using greasy palm (to put stoozed money into) which will take me up to and over £25 claim amount

Failing that ill have to do like you said.....fill it in with his details and dont worry lol I DO tell him!! he just doesnt often listen lol

peoplesrepublican

I don't know if putting him as second card holder will help - I am not that clued up on such matters. However, I would never add a 2nd cardholder to the app. When they check your credit record they'll know who you are married to, and what their credit history is, anyway (and your parents, brothers and sisters...).

The main point with this is that I got £20 from egg, once I had my own card, just for getting a second card for Mrs Republican - wouldn't have happened if I'd put her on the app.

Something to think about for next time...

YorkshireBoy

Just a couple of observations/questions from peoplesrepublican & Kantankrus Mare's recent posts...

I'm not familiar with the Halifax One card. Exactly how useful is it bearing in mind most people's first stoozing cards are MBNA (esp Virgin) and Egg. ie you need to have a route into your current accout (and on to the stooze pot)?

Also, as serious stoozers, you really shouldn't (need to) add an additional cardholder. Once the balance transfer has been done, that's it - isn't it? The card is useless to anyone for the duration of the 0% term - the only exception being if the credit limit can be increased and stoozed also. Or am I missing something? Also, doesn't being named as an additional cardholder preclude you from applying for your own card? This is the approach Mrs YB and myself have taken anyway with our stoozing plan.

peoplesrepublican

Two good points made by YorkshireBoy.

1. The first card you get MUST have Super BT powers and I don't know if the Halifax One has this - easy to forget this basic fact once you're a few months down the line.

2. Extra cards are no good to anyone for stoozing, UNLESS the CC company is offering you free money to take one. Hence I got another free £20 just for getting an extra card on the account. No point turning that down! So yes it is worth doing, but only if you're being offered cash incentives to do so.

Clariman

peoplesrepublican wrote:

Two good points made by YorkshireBoy.

1. The first card you get MUST have Super BT powers and I don't know if the Halifax One has this - easy to forget this basic fact once you're a few months down the line.

2. Extra cards are no good to anyone for stoozing, UNLESS the CC company is offering you free money to take one. Hence I got another free £20 just for getting an extra card on the account. No point turning that down! So yes it is worth doing, but only if you're being offered cash incentives to do so.

Halifax One doesn't do SBTs, but is a good stoozing card for routing via an SBT card. As for additional card holders, I don't bother adding Mrs C to any of my stoozing credit cards. As others have said, there is no point in doing so because nobody should be putting any purchases on a stoozing card in the first place. However, lots of online applications seem to lead you along the way to asking for an additional card holder.

Clariman

YorkshireBoy

YorkshireBoy wrote:

Also, doesn't being named as an additional cardholder preclude you from applying for your own card?

Clariman, do you have an opinion on my earlier question?