Applying for multiple cards
Comments
-
No I didn't waste my time at all thanks. I built myself a nice £50k+ Stooze pot which earned me a tidy sum over the few years I had it. You might have wanted to ask how rather than make assumptions that I didn't know what I was doing. Or maybe just read my second post which was only the 3rd post down in this thread which explained exactly how I was going to build my stooze pot. Halifax clarity credit card allows you to withdraw cash to your current account with no charge. So I did this a few times and then transferred the balance each time to the new cards. And what do you know I had over 50 grand in my bank borrowed from balance transfer cards at 0% earning me interest. DOES THAT MAKE SENSE TO YOU NOW?????????You have applied for 1 purchases card and 7 balance transfer cards.
The total available credit on the balance transfer cards is £27,800 over the 5 cards that have been approved/you have been given a credit limit for.
The total of your outstanding balances is £5,500.
So WHAT DO YOU NEED ALL THESE BALANCE TRANSFER CARDS FOR AS YOU HAVE NO BALANCES TO TRANSFER OTHER THAN THE £5,500. These cards will be useless to you for the stated purpose of stoozing. You really have been wasting your time have'nt you.0 -
I know very well what stoozing is thank you.jeepjunkie wrote: »Lol, I think you need to read up on what stoozing is. There seem to be a lot of posters lately on the board who clearly don't understand it. Cheers
I also don't waste my time getting myself £50k+ balances to make peanuts with todays interest rates after the payment of BT fees that this OP must have paid and paying tax which this OP must have paid.0 -
This wasn't done today though was it with today's interest rates. This thread is 3.5 years old and clearly from your post you had no clue what you were talking about or what I was doing. If you bothered to read the thread you would see that as a couple we paid no tax on our interest and after balance transfer fees over the years we made nearly £4k in interest. So for me it was well worth doing thanks.0
-
This wasn't done today though was it with today's interest rates. This thread is 3.5 years old and clearly from your post you had no clue what you were talking about or what I was doing. If you bothered to read the thread you would see that as a couple we paid no tax on our interest and after balance transfer fees over the years we made nearly £4k in interest. So for me it was well worth doing thanks.
If you say so.0 -
Hey guys just a quick one; is it better to apply for multiple cards during the weekend or during the week?I applied for around 6 cards one after the other on a weekday and got all of them (but his was around 5 years ago before all the extra checks they do) but obviously I don't know what would have happened if I had applied on a weekend.
I score better when I apply during the weekdays rather than the weekend. It might be due to extra cautious algorithm applied during the weekend where there is less human intervention ????
Want to hear other people personal experience.0
This discussion has been closed.
Categories
- All Categories
- 343.2K Banking & Borrowing
- 250.1K Reduce Debt & Boost Income
- 449.7K Spending & Discounts
- 235.3K Work, Benefits & Business
- 608K Mortgages, Homes & Bills
- 173K Life & Family
- 247.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards