Choosing and Using Credit cards

suniil

Apologies if posted before

http://www.choosingandusing.com/

Apacs, the UK payments association, which represents all of the major UK credit card issuers launched this site and claimed impartial

http://today.reuters.co.uk/news/newsArticle.aspx?type=personalFinanceNews&storyID=2005-07-22T070426Z_01_NOA225269_RTRUKOC_0_PERSFIN-SAVE-APACS.xml

James

Major flaw - "Choosing The Right Card," page.

No mention whatsoever of Chip & Signature Cards:

Chip & Signature Cards need for millions:
http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2005/03/11/dt1101.xml

Confusion Over Chip & PIN is worse than expected:
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2005/03/11/nchip11.xml

cadboll

Hi!

This is kinda of along the same lines - though this question has probably been asked about 1,000 times already!

I've been reading through the articles that Martin has put on the site regarding maxing out credit cards, putting money in high interest accounts, shifting it around etc - although it sounds like a good idea and an relatively easy way to make money - what are people's experiences of it? Is it recommended? Are there any long-term side-affects?

Thanks

YorkshireBoy

cadboll wrote:

what are people's experiences of it?

£234 a month "profit" after tax Or at least it was before ING announced their rate cut!

cadboll wrote:

Is it recommended?

It depends - you will know from the guides if you are "suited" to it.

cadboll wrote:

Are there any long-term side-affects?

Yes, stoozing can seriously damage your credit rating - restricting your chances of obtaining other credit, eg mortgage.