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yoyo
Stranger
Joined: 30 Jan 2005
Posts: 1
Cash Points ££ 35.00
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 Posted: Sun Aug 07, 2005 6:48 pm Post subject: Credit card transfer charges : End of Stoozing ? |
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| Been stoozing for approaching a year now, but these card charges of 2% for say 6 months equals 4% - Does this not now mean that stoozing is just about at an end, especially if you get the interest net, there is no longer any profit. |
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Neo
Saving Enthusiast
Joined: 24 Oct 2004
Posts: 147
Cash Points ££ 595.04
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| Posted: Sun Aug 07, 2005 9:35 pm Post subject: |
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Ive still got stoozed cash with cahoot at 5.65%
So as long as I can keep shuffling the debt even with a 2% charge, that 1.65% still makes it profitable.
Though for how long ?
Anyway there are still the 0% spending cards for stoozing. |
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Quinn
Saving Enthusiast
Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Mon Aug 08, 2005 12:24 am Post subject: |
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| Deemy wrote: | Ive still got stoozed cash with cahoot at 5.65%
So as long as I can keep shuffling the debt even with a 2% charge, that 1.65% still makes it profitable.
Though for how long ?
Anyway there are still the 0% spending cards for stoozing. |
Exactly!
If you can't make on the transfers then there are always the o% for spendign where the money you would have spent is saved and earns interest on it |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Sat Aug 13, 2005 3:19 am Post subject: |
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| I agree, it is a little early to suggest its the end of stoozing, especially in light of the recent cut in interest rates. |
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Shezz
Beginning Saver
Joined: 08 Mar 2005
Posts: 45
Cash Points ££ 348.80
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| Posted: Mon Aug 15, 2005 3:39 pm Post subject: |
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| I was recentlyt approved for the sainsburies 0% on spending so stoozing has not ended yet ! |
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Tabby
Money Saver
Joined: 17 Feb 2005
Posts: 86
Cash Points ££ 341.40
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| Posted: Wed Aug 24, 2005 2:22 am Post subject: |
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| Thanks I am going to try and get the sainsbury card |
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Wade
Saving Enthusiast
Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Thu Sep 01, 2005 2:24 am Post subject: |
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| Shezz wrote: | | I was recentlyt approved for the sainsburies 0% on spending so stoozing has not ended yet ! |
Cheers matey  |
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cardjunkie
Professional Investor
Joined: 24 Jul 2004
Posts: 311
Cash Points ££ 2248.20
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| Posted: Mon Sep 12, 2005 2:20 am Post subject: |
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| MBNA are still running a number of cards, though yes with a 2% balance transfer fee. Their latest offering is a sony card, but they may refuse if you have an existing card. |
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cardjunkie
Professional Investor
Joined: 24 Jul 2004
Posts: 311
Cash Points ££ 2248.20
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| Posted: Thu Oct 19, 2006 9:25 pm Post subject: |
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| Stoozing is NOT dead, check out the 12 month + offers there are countless sich as with HSNC, GE card, Tesco etc. |
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Soulman
Stranger
Joined: 17 Apr 2006
Posts: 7
Cash Points ££ 242.34
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| Posted: Fri Nov 10, 2006 5:04 pm Post subject: |
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| Norwich and Peterborough BS, for their 6 month 0% on the BT with no fee. |
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cardjunkie
Professional Investor
Joined: 24 Jul 2004
Posts: 311
Cash Points ££ 2248.20
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| Posted: Wed Nov 15, 2006 4:53 am Post subject: |
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| Soulman wrote: | | Norwich and Peterborough BS, for their 6 month 0% on the BT with no fee. |
Yes, Ive noticed they seem to starting to pick up again, perhaps the credit card market is becoming more competitive  |
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Lucky
Newbie
Joined: 13 May 2006
Posts: 22
Cash Points ££ 512.86
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| Posted: Sun Nov 19, 2006 1:45 am Post subject: |
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I recall reading an article months back of how stoozing could bring down the global economy, from what I can remember the key point was that stoozing is the same as when big institutuions do but they call it the carry trade.
Thats about all i remember |
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