M
RainyDay said:Didn't see the show, but I'm guessing that it had something to do with 0% introductory offers on credit card transfers. There are a few flaws with trying to make any decent money on this;
- the €40 stamp duty per credit card account
- the relatively low credit limits that you are likely to get for any new credit card a/c
demoivre said:I would say you are right - the pratice is referred to as "stoozing " and is profitable in the UK because of higher deposit rates and no stamp duty on cc's.
http://www.stoozing.com/
i picked the name myself because i thought it wuold make ppl with low self esteem more confident to make a reply.so, good for you.Madra said:Eh .. Did someone actually decide on that name for you or did you make it up yourself ?
TheGreenMan said:Also note the warning on that site:
You will damage your credit history rating very badly while stoozing, so please read and understand the credit history section in Resources.
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