Stoozing

Here's the direct link - https://www.telegraph.co.uk/personal-ba ... -accounts/

If the paywall won't let you read the whole article then 12ft.io should help.

Lots of mentions of Stoozing by name, but no credit given to Stooz or Clariman. According to the article stoozing was "popularised by MoneySavingExpert’s Martin Lewis", which I guess is true to a fair extent.

Given that interest rates are perking up, and 0% no fee deals are available, it is possible to make a bit of money again.

i suppose it is. anyone here getting back at it?

planteria wrote:i suppose it is. anyone here getting back at it?

About 6 months back a tiook advantage of a deal from virgin. Not 2 months back I was accepted for a Sainsbury's 14 month 0% apr no fee BT and I have locked the balance into a 6.06%, 12 month savings bond. RBS/Ulster/RBS have a 16 month no fee offer and I bank with RBS so there's that to explore and I think HSBC have/had a deal.

both HSBC are charging balance transfer fees now, from what i have just seen.
RBS are offering 0% for 14months with No Fee. that's tasty
i have a balance coming to the end of a 0% deal on 19th October.

Are there any good (i.e. cheap) ways to create debt these days?

I hardly even spend on credit cards anymore.

Sarah wrote:Are there any good (i.e. cheap) ways to create debt these days?

I hardly even spend on credit cards anymore.

I mule balances straight to my current account, then on to savings. I have a couple cards kept specifically for that purpose.

Sounds good. How cheap? Are those cards still available?

My mule cards are MBNA Everyday Card. No money transfer fee, you'd need to check the fee free money transfers are still available. I then transfer the amount the credit amount the new card offers to your bank account, and simultaneously move the amount from the new card to the MT card; you might pay a couple of day's interest before the BT to the new CC comes through.
My Virgin card has previously been OK to go into credit with a BT from another card, then move the amount to my current account no fee.

i'm pretty much out of the game now, with just c£2700 on the above mentioned RBS card.
i suppose i've morphed from 'Stoozer' to 'Investor', along with some playing with accounts to generate some bonuses and cashback again recently.