Stoozing tactics
Posted: Mon Apr 04, 2016 7:48 pm
When the time comes for me to start my slow Stoozing can anyone suggest what tactics should I employ?
Getting the longest interest-free period is an obvious one I guess - Is there a minimum term that expert stoozers consider to be worthwhile?
And At what point should I stop using the card for Stoozing purposes? Say a year before the interest free period ends? At which point I should presumably open slow-stooze card number 2?
When the interest free period finishes for card number 1 how do you decide whether to pay the card off or do a balance transfer? Is it simply a question of directly comparing the transfer fee % against the stooze-pot savings rate % ? I'm thinking it can't quite be that simple as the stooze-pot will be shrinking as more and more of the minimum repayments are made, thereby reducing interest-earning power.
Sorry for so many questions by the way. No rush to reply as I probably won't start my slow Stoozing for a few months. I'm waiting for a few cards with annual cash back to pay out, at which point I'll clear the decks and close them... After that the stooze-fest will commence
Getting the longest interest-free period is an obvious one I guess - Is there a minimum term that expert stoozers consider to be worthwhile?
And At what point should I stop using the card for Stoozing purposes? Say a year before the interest free period ends? At which point I should presumably open slow-stooze card number 2?
When the interest free period finishes for card number 1 how do you decide whether to pay the card off or do a balance transfer? Is it simply a question of directly comparing the transfer fee % against the stooze-pot savings rate % ? I'm thinking it can't quite be that simple as the stooze-pot will be shrinking as more and more of the minimum repayments are made, thereby reducing interest-earning power.
Sorry for so many questions by the way. No rush to reply as I probably won't start my slow Stoozing for a few months. I'm waiting for a few cards with annual cash back to pay out, at which point I'll clear the decks and close them... After that the stooze-fest will commence