Introduction to Slow Stoozing

How does slow stoozing differ from 'normal' (fast) stoozing?

With fast stoozing, a large amount of money is borrowed from credit cards that offer 0% on Balance Transfers. The stoozer uses up a card's credit limit in one fell swoop by moving the borrowed money into a savings account using a that balance transfer. Interest is earned on this large amount of money immediately, hence the term fast stoozing. See our Full Guide for more details.

By contrast, slow stoozing uses cards that offer 0% on Purchases, rather than Balance Transfers. The stoozer uses the card for normal purchases and gradually builds up the debt over a period of time. Instead of paying off the full balance each month, the equivalent amount is moved into a savings account where the stoozer earns interest. This is a much slower way of stoozing but over a period of time, you can build up a reasonable sized stooz pot. For example, someone who spends £1,000 per month on a credit card will have a Stooz Pot well into five figures in a year's time.

Why would you consider slow stoozing?

There are a number of reasons why you might consider slow stoozing. For example, some people who are new to stoozing feel quite apprehensive about taking on the large 'debts' that fast stoozers normally have. Slow stoozing builds up the debts more slowly and does not feel appreciably different to normal credit card usage.

Another reason to consider slow stoozing is that it is becoming increasingly difficult to find cards that are suitable for fast stoozing. Most card issuers now charge a fee for undertaking a Balance Transfer and these fees have been increasing in recent months, making it much harder for the fast stoozer to find a profitable card. However, fast stoozing is still viable but with a reduced list of cards. To find suitable fast stoozing cards, see our Balance Transfer cards table.

How much money can I make?

Of course it will vary depending on the following factors: your credit limit, the length of the 0% purchases offer, your monthly spending pattern, the minimum monthly payment for the card and the interest on your savings account. However, if we assume that you have a credit limit of £12,000 on a 12 months 0% purchases card, that you spend £1,000 per month on the card and that you earn 5% AER on your savings account, then you would expect to earn just under £300 in one year of slow stoozing from this card.

Can anyone do this?

As with any other stoozing, it is really for those who do not carry genuine debts (other than mortgage debt) and it is critical that you have self-discipline and a real attention to detail. Without this, you could become unstuck and stoozing would cost you money. For more details see our Stoozing Risks section.

Find a slow stooz 0% purchase credit card

Detailed instructions for slow stoozing

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