Glossary
A-R S-Z
| Term | Definition | Further information |
|---|---|---|
| Anniversary date | The date when either (i) a cashback card will pay you your cashback, or (ii) the Egg card gives an additional 0% BT period | cashback guide forum topic |
| Balance Transfer (BT) | The transfer of an outstanding debt from an existing credit card or overdraft to a new credit card. Can be used as a noun or a verb. To BT. | cashback guide |
| Balance transfer fee (BT Fee) | The transfer of an outstanding debt from an existing credit card or overdraft to a new credit card. Can be used as a noun or a verb. | cashback guide |
| cashback | Either (i) a type of credit card that returns a portion of your spending or (ii) the term used for the returned money. | cashback guide |
| CRA | Abbreviation of Credit Reference Agency | CRA guide |
| Credit Card Cheque | Cheque which gets charged to your credit card account . Sometimes as a BT, sometimes as a purchase | cashback guide |
| Credit Check | When you apply for a loan or credit card, the issuer will do a Credit Check against your credit history, which is then recorded on your Credit File | CRA guide |
| Credit File Credit History |
A detailed history of your credit card & loan applications, a list of your accounts and loans, details of missed payments etc | CRA guide |
| Credit Rating | Each lender's assessment of your creditworthiness or suitability for their product. This is based on your credit history. | CRA guide |
| easy stooz | a simple way of stoozing, suitable for a novice stoozer | |
| End Date | Normally used to refer to the date when an Introductory 0% offer will end i.e. the date when a balance must be cleared if the stoozer is to avoid interest charges. | Full guide |
| Extension | An extension to an existing introductory period. | Cash guide |
| Fast Stooz | Getting a few credit cards and routing the money to a bank account quickly using BTs and/or SBTs (opposite of Slow Stooz) | |
| Introductory (Intro) period | The period during which a special offer is in place. Usually refers to the period during which a lender offers 0% interest on BTs. | Full guide |
| Mule | The name given to a card that is used to route credit card money from another credit card into a bank account. | Full guide |
| Offset Mortgage / offsetting | A type of mortgage which comines savings and mortgage debt | offset guide |
| Payment Protection Insurance (PPI) | A type of insurance offered by lenders which pays a portion of your credit card bill should you be off work. This should not be used by stoozers. | FAQ |
| Phase | Sometimes used to describe a group of credit cards that you use to stooz at the same time. Usually used when the cards come to an end and you move on to the next set of cards i.e. from one phase to another. | Full guide |
| Rolling Over | used to describe moving a credit card balance from one card to another. Rather than paying off the credit card at the end of the intro period, the balance gets rolled over onto the next card (or set of cards). See also "phase". | Full guide |
A-R S-Z
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