How we make money from our credit cards (by stoozing).
There are actually three ways that we make money from our credit cards – by stoozing, cashback and loyalty points.
This video explains how we use our cards for stoozing, which is simply a form of interest rate arbitrage.
Simple, but not for everyone
I can’t stress enough that this isn’t for those who have revolving credit card debt, or any other debts. Only use this method if you’re fully in control of your spending and able to keep your finances well organised!
If you want to know more about how cashback credit cards work, see this post as well.
Over to you…
What do you think? Is stoozing something you’d try, or too much hassle?