What is stoozing?

Although stoozing isn't new to the finance industry, most people still aren't familiar with the concept. Some people may have even stoozed without knowing it!

Stoozing is transferring the balance from a credit card that has a 0% balance transfer rate to a high interest savings account, allowing a profit to be made. Then repaying the credit card before the 0% period ends.

Currently there isn't a combination of balance transfer card and savings account that allows for "true" stoozing, but there are ways to never pay a penny in interest on your credit card balances. If you have a credit card that you are paying interest towards and have a good credit rating, you are wasting money.

Find the best credit card for you and start saving money today!