Stoozing-card full

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Dave05
Dave05 Posts: 19 Forumite
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edited 10 November 2018 at 11:47PM in Stoozing: free cash from credit cards
Hi
I'm a amature as u will see to this stoozing lark but I took out a 30 month credit card at 0% Last year but only got £3600 to use Which I have nearly used up, I've got the money set aside in savings account as the stoozing goes but now have a card full up with nearly 18 month 0% left. What do I do next? Pay it off or transfer the money to another card and continue the stooze or get another 0% card and continue the stooze with the new card leaving my current card to run it's 18 month before paying off?

Ps
Have a old Natwest card with £1200 avail credit but not use as not 0%
Have a next stir card with £5000 avail credit but rarely use
Th

Thanks for reading :-)

Comments

  • MallyGirl
    MallyGirl Posts: 6,622 Senior Ambassador
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    2 options:

    1. take out another card with 0% on BT and no fee, then BT this across and start filling the first card again
    2. try and get another card with 0% on purchases and fill it up leaving the first one to run to end of deal
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
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    All views are my own and not the official line of MoneySavingExpert.
  • Vortigern
    Vortigern Posts: 3,243 Forumite
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    If you've had the 0% card for more than 6 months you could ask for an increased credit limit.
  • Dave05
    Dave05 Posts: 19 Forumite
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    edited 10 November 2018 at 11:48PM
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    Hi

    Thanks for reply
    Would I be right in doing sticking the 3400 which is currently on the card now but still has 18 month to run into a savings account (I didn't do the putting some aside each month as I've only discovered stoozing) into a interest account untill the 0% ends

    Then take another 0% out and carry on but this time putting whatever spent into a savings account monthly
  • Vortigern
    Vortigern Posts: 3,243 Forumite
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    Yes, put it in savings, otherwise there's no point in stoozing.

    Same if you get another 0% on spending card - you could feed the cash you would have spent into a regular saver or two.

    Just make sure you do put aside sufficient cash to pay off the stooze when the 0% expires. If you don't, your stooze is just debt that could come back to haunt you.
  • Dave05
    Dave05 Posts: 19 Forumite
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    Thanks alot vortigern and mallygirl for your info
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