The Art of Stoozing to Make Money from Credit Cards

But, I hear you all ask - what is stoozing and can I do it?

Stoozing, in the simplest terms is borrowing money from credit cards that offer a 0% introductory deals and saving that money in a savings account for the duration of the offer on the credit card.
This way the cash balance never has to leave the savings account and can be held like this for a long period of time earning 5% + interest!

Find a 0% Credit Card suitable for stoozing [http://www.
com/compare-credit-cards.
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This APR is often equal or greater than their typical savings account.


As the money residing in your other accounts is no longer earning interest, but reducing outstanding debt, it also means the savings money is also not subject to tax unlike a normal savings account.
Instead of paying off the mortgage for a typical 25 year period, with regular capital payments at the existing level, you can shave several years of the completion date.
This is where Stoozing comes in.


Find a 0% Credit Card suitable for stoozing [http://www.
com/compare-credit-cards.


The situation can't last though.
Also, as the PricewaterhouseCoopers' report notes, card issuers are likely to become increasingly selective about which customers they offer balance transfers to and there will be a much stronger focus on customer retention.


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