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    • KukiNoki
    • By KukiNoki 5th Aug 19, 12:32 PM
    • 16 Posts
    • 9 Thanks
    KukiNoki
    Pay safe is mantra, do it but not to the extend you find yourself declined for another sort of credit.
    • skatersrus
    • By skatersrus 19th Sep 19, 4:42 PM
    • 12 Posts
    • 3 Thanks
    skatersrus
    Dont have the need to borrow money from bank for a while.

    Stoozing is revenge for me. In my 20s I got into a bit of CC debt. I was paying quite a bit of interest. I made it my personal vendetta to get as much money back from the banks as possible.
    • nic_c
    • By nic_c 21st Sep 19, 7:21 PM
    • 2,181 Posts
    • 1,139 Thanks
    nic_c
    Dont have the need to borrow money from bank for a while.

    Stoozing is revenge for me. In my 20s I got into a bit of CC debt. I was paying quite a bit of interest. I made it my personal vendetta to get as much money back from the banks as possible.
    Originally posted by skatersrus
    So long as you ensure you can pay the money back, e.g. stooze it into an easy access savings account. Some people think stoozing is using up a 0% and then keep transferring it when deals end and come unstuck at some point when they can't get another card to cover the balance and unable to pay the debt as they've spent it and not saved it.
    • schiff
    • By schiff 12th Oct 19, 6:39 PM
    • 18,725 Posts
    • 10,112 Thanks
    schiff
    I've taken the decision to give up on stoozing. For the usual reasons - very little on offer and the % charge on the stooze. But it also appeals as a means of tidying my finances.

    Over the past 10 years I've had nine credit cards for both reasons - stoozing and minimum repayments on spending. I've cancelled two and tried to cancel a third - but they hit back with a fee-free 6 months BT, which I accepted of course! That and another credit card balance I'm paying off by the end of the year. Two I don't use. Two more mature in May/June next year and the last one in July 2021.

    The only card I will consider until then is a fee-free minimum repayment on spending card.

    I never bothered with credit scores, I've never bothered calculating the amount of money I've made with the unpaid balances but apart from the money in my trouser pocket every penny has been earning interest in banks etc - 1% to 5% - so it's likely to be a fair amount.

    All down to MSE as is pretty much everything financial in my life.
    • Ben8282
    • By Ben8282 12th Oct 19, 10:23 PM
    • 4,041 Posts
    • 2,221 Thanks
    Ben8282
    I've taken the decision to give up on stoozing. For the usual reasons - very little on offer and the % charge on the stooze. But it also appeals as a means of tidying my finances.

    Over the past 10 years I've had nine credit cards for both reasons - stoozing and minimum repayments on spending. I've cancelled two and tried to cancel a third - but they hit back with a fee-free 6 months BT, which I accepted of course! That and another credit card balance I'm paying off by the end of the year. Two I don't use. Two more mature in May/June next year and the last one in July 2021.

    The only card I will consider until then is a fee-free minimum repayment on spending card.

    I never bothered with credit scores, I've never bothered calculating the amount of money I've made with the unpaid balances but apart from the money in my trouser pocket every penny has been earning interest in banks etc - 1% to 5% - so it's likely to be a fair amount.

    All down to MSE as is pretty much everything financial in my life.
    Originally posted by schiff
    Perhaps you should go to the main credit card forum and advise those individuals there who claim to be stoozing massive amounts and making lots of money from the interest thet they get from putting the money in savings accounts and claim to be obtaining new 0% cards with high limits to continue their stoozibng of this opinion which I agree with.
    • Fingerbobs
    • By Fingerbobs 12th Oct 19, 10:43 PM
    • 803 Posts
    • 329 Thanks
    Fingerbobs
    I also 'decided' to stop Stoozing a couple of years ago, but the temptation to continue was too great, and I'm now back up to a c. 30k pot.
    So much for simplification
    • surreysaver
    • By surreysaver 14th Oct 19, 3:23 AM
    • 2,934 Posts
    • 1,627 Thanks
    surreysaver
    Perhaps you should go to the main credit card forum and advise those individuals there who claim to be stoozing massive amounts and making lots of money from the interest thet they get from putting the money in savings accounts and claim to be obtaining new 0% cards with high limits to continue their stoozibng of this opinion which I agree with.
    Originally posted by Ben8282
    Define massive.
    I consider myself to be a male feminist. Is that allowed?
    • schiff
    • By schiff 14th Oct 19, 11:33 AM
    • 18,725 Posts
    • 10,112 Thanks
    schiff
    I also 'decided' to stop Stoozing a couple of years ago, but the temptation to continue was too great, and I'm now back up to a c. 30k pot.
    So much for simplification
    Originally posted by Fingerbobs
    It's a drug, isn't it?
    • vacheron
    • By vacheron 14th Oct 19, 11:42 AM
    • 1,050 Posts
    • 1,015 Thanks
    vacheron
    It's a drug, isn't it?
    Originally posted by schiff
    Personally I think there is nothing better than that "new credit card smell"! And some of them are such pretty colours. Shame they get put in a drawer and never see the light of day again until the promo rate is up and they get shredded. Almost makes me feel sorry for them!

    I'm holding off for a while as I am up to my eyeballs in 0% debt and would like to have a chance of getting an Apple credit card when it is launched in the UK (that one is made of titanium!)
    Last edited by vacheron; 14-10-2019 at 11:45 AM.
    The rich buy assets.
    The poor only have expenses.
    The middle class buy liabilities they think are assets.
    Robert T. Kiyosaki
    • Fingerbobs
    • By Fingerbobs 14th Oct 19, 10:33 PM
    • 803 Posts
    • 329 Thanks
    Fingerbobs
    Shame they get put in a drawer and never see the light of day again until the promo rate is up and they get shredded. Almost makes me feel sorry for them!
    Originally posted by vacheron
    I've kept every card I've had since 2007, including all my Stoozing and normal credit cards, and debit cards from the various current accounts I've opened and shut.
    Not sure if that's cool or a bit sad.
    I really regret that I only started keeping them in 2007, and I don't have any from the pre-chip days
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