Monday, 24 January 2011

Many credit card companies are willing to lend you money at 0% interest, so why not take this cash and save it yourself earning 6% interest on it. This is known as stoozing, it's legal and very profitable; yet it's only for the really financially savvy.
How much? If you get a 0% card with a £5,000 credit limit you should comfortably be able to earn £250 a year on it. The biggest reported stoozer was making £6,000 profit a year from stoozing.

2 comments:

Jamie said...

That sounds pretty interesting - where would you put it for the 6% interest though?

Delthra Phicorn said...

There's no where I could think of to get 6% interest, maybe different in Britain though.