Stoozing is a way of making money using introductory 0% Credit Cards balance transfer offers. The borrowed money is moved into a savings account where it earns interest. At the end of the 0% offer period, the credit card is paid off and the stoozer retains the interest as stoozing profit.
To start stoozing you would
To stooz you need a savings account with a good interest rate (a high AER)
credit card issuers sometimes offer 0% on Balance Transfers. This allows you to move debt from your existing card to a new card, without interest being charged. They do this by paying off your old credit card for you, so that you owe them the money rather than your existing lender.
That's great, but the stoozer needs to get the money into a bank account rather than another credit card. The good news is that there are a few credit cards on the market that let you pay money directly into a bank account too! We call these cards Super Balance Transfer (SBT) cards and these are the ones you need for Quick-and-Easy Fast Stoozing.
Before making your credit card application, use our Fast Stoozing Calculator to work out how profitable it will be for you. In particular, enure you complete the fees charged for the transfer. The calculator takes these into account when working out the profitability.
Once you have transferred the money into your bank account, don't forget that you still need to make the minimum monthly payments on time.
To slow stooz you need to use a card that offers a 0% rate on Purchases. Use our Slow Stoozing Calculator to work out how profitable it will be for you.