Hi
Was just wondering how the credit card market in NZ is compared to the UK.
How are the interest rates etc....
More importantly are there opportunity's for some Stoozing :cool
Hi
Was just wondering how the credit card market in NZ is compared to the UK.
How are the interest rates etc....
More importantly are there opportunity's for some Stoozing :cool
'Stoozing'??? Sorry, not a term I'm familiar with.
Debs
Stoozing is making money from credit cards...
It's very competitive, but interest rates are still high.Originally Posted by RMJ
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Don't know about stoozing! :?
Interesting idea, need to work out best credit card to have anyway
in order to get some financial history going. Plus one cheque to the bank to pay the bill, less individual transaction charges from the bank.
Could someone explain what stoozing is and how it works??? :?
Stoozing:
Taking adavantage of 0% interest deals on credit cards.
Basiclly you take the money that the credit card company gives you and put it in a high interest savings account.....
Just pay back the minimum repayments and at the end of the 0% period transfer to another card.
Wife and I have been doing this for about a year now, excellent way of getting money out of the banks for nothing
Hmmmmmm
I have done this once and earned myself a nice little sum. Because of my return to NZ in February, I haven't bothered again but was wondering... would it play havoc with your credit rating or trying to obtain credit in future? And can you go back to the same companies?Originally Posted by RMJ
As long as you pay back the correct amounts regularly this won't affect your credit ratings etc.
I wouldn't accumulate too many cards though... surely a recipe for disater?