A question about : Stoozing......What should I do next?
I have just been approved for a Virgin 0% for 9 months card with an Ј8k limit, 
last week I exchanged my GM card which I haven't used in 5 years for a Marbles card with the Ј10k limit transferred, they will give me a free BT in the first month of the card and it's 5 months 0%. I am currently building a balance on my Blue Egg Card and its up to about Ј5k on a Ј7k limit,0% on purchases offer ends in September. My Green Egg anniversary is also September and that has Ј7k too. I have around Ј4500 on a 12 month 0% BT Barclaycard which will become due in January. I have just cancelled my First Direct Gold card which had Ј5k as I know they will reinstate it at anytime if I need it and I have a RBS Tesco card which has a limit of Ј6500.(I am hoping they will make me an offer to keep me as I used to spend Ј1000-1500 each month till I started stoozing).I will close this if they won't and apply again at some point.
My question to all you expert stoozers is this:
What is the best use I can make of the new cards? 
I have enough savings in my Ing account and a FD Isa to cover what I owe, (about Ј9K) Barclays balance is reducing by about Ј100 per month which is not coming out of the stooze pot. If you need more info please ask!
Best answers:
- Best advice is to spend a couple of hours researching the subject -
www.stoozing.com
is the best place to start. Then repost.
The key is using your Virgin card as a 'Super Balance Transfer Card' to route your 0% deals into your current account and then onto a savings account. There are so many postings on this here on the board which refer to this - which suggests you are diving in too quickly without researching the subject first.
Wrong approach - anything other than a very methodical and diligent mindset will result in you coming to grief & being stung for charges & interest. In particular, if you miss a payment to Virgin, they will take the 0% deal away, leaving you with a large debit at a penal rate & nowhere to go.
- 253 reads