How much free credit have you got?

A question about : How much free credit have you got?

Just wondering how much O% credit people have managed to accrue. I hadn't really worked it out until recently but we (my wife and I) have Ј55000 on 0% purchases and Ј15000 on balance transfers. (2% and 2.69% fee).

This offsets my mortgage and funds various savings accounts.

Would be interesting to know how far banks would go in lending like this.

Best answers:

• How are you going to unwind this position?
• Can't top that. We've got Ј60k with now just less than Ј40k in the joint Stooze pot after having paid off the minimums rounded up to the next nearest Ј over the life of the 0% deals. After maxing out on her Clubs and TSB Pluses, the balance including our real savings is in her 3 x 123s, all at 3% gross as she's never paid tax. We've no mortgage now so can't use that route.
  I found there was a distinct tightening of credit via declines and paltry limits for both of us a few years back but now seemingly freeing up a bit. I recently got Ј13.6k at 4% fee from MBNA for cash transfers till Nov 16 and she got Ј8k at 2.99% till Apr 17 on a Barclaycard, her highest ever. This paid off our cards at the end of their 0% life. I haven't been higher since an Intelligent Finance of Ј15k many years ago now.
  I prefer closing accounts after the 0% end date rather than accepting the seemingly unending 0% offers at 2.99% fee we both keep getting by letter. This seems to work better in Stoozing terms in more recent times.
• None, as I don't have any Cards.
• We've about 14k on 0% cards at the moment. Mostly stoozed away at 5% We have enough capacity for another 4k but are having increasing trouble getting new deals. We were turned down by clydesdale and given just 1k from Halifax. A day after applying to halifax we got a guaranteed acceptance letter from Santander - a useful extra 3k. Thats just 2.5 months spending though - roughly.
  The only issues I can think of are the number of applications and the fact that we have only 2 years in our current house (9 yrs in last).
• How big is your MSe-penis?