Idiot of the day - The result!

[AtW]

Every penny counts.

What's your daily rate again?

[AtW]

As Minestrone said on another thread these are my pension.

Ah the Ministrone defense - dumb is calling the dumber for help.

No wonder real tycoons like DimPrawn and sasguru prefer to spend time away from this dull forum full of Tesco voucher abusers...

[Zoiderman]

Oh I see your point re: the ISAs. All of my ISAs are 3,4 or 5 years. I take the highest rate each April/May. As Minestrone said on another thread these are my pension. They are not to be touched as I do not wish to lose the tax benefits on them.

I think it's worth it.

So you have to repay the 10k stoozed

[MarillionFan]

So you have to repay the 10k stoozed

Nah. I've applied for all these credit cards in the name of a Russian fella I know who posts on a contracting forum.

[AtW]

Nah. I've applied for all these credit cards in the name of a Russian fella I know who posts on a contracting forum.

I don't think my credit rating is that good to get £38k on credit cards... strange customs in this country - somebody with cash but no credit card won't have good credit rating

[Zoiderman]

Nah. I've applied for all these credit cards in the name of a Russian fella I know who posts on a contracting forum.

So you get this money from where? As you've said you are skint at the moment.

Or, are you hoping to shift the money owed to a new card when the 3.5% deal runs out? What if that deal is worse than 3.5%, what if the next deal, isn't very good? Say you have to pay 6.5% next year, all gains wiped out. What if there are no good deals as the interest rates have risen?

It's not the pie in the sky you think it is MF, and if you've been doing this for 15 years and only making 1k a year, you are really not that good at it...

[Notascooby]

I worked with a guy who used to do the credit card transfers through his virgin money account along with the cash back phone deals, this was when there was no balance transfer fee and phone contracts weren't all you can use minutes and texts.

He ran a massive spreadsheet and kept his bills, had reminders for when to apply for the phone cashbacks etc. He got a real buzz out of it all and made a little pocket money out of it as well as saving himself a few £ on phone calls. He did go a bit OTT with free product trials and the like. but this was his hobby, it gave him a kick.

I put it down to being an othrodox jew with little else to spend his time on. personally I paid the £30 a month for the phone and went down the pub with my mates but each to their own, I just CNBA to do this kind of crap for the returns but good on those that convert their Tesco points to triple points before buying nappies - I know I should but I'm a lazy fkr.

[d000hg]

What is your daily rate MF, £500 or more? If the best you can do for your family is to make a tenner using borrowed money because you ain't got any cash then I pity your future wife and God forbid any children.

£10 a month here, 1% back on all your purchases there, it quickly adds up to a fairly substantial amount. Why not visit a website via a cashback site for the extra few seconds? Come the end of the year, suddenly you've got an extra wodge of cash.

You'd haggle over an extra 2% on your daily rate, why not save 2% on your outgoings?

If you need more cash than your savings permit then don't buy what you wanted until you save enough to afford it.

You really don't understand the world at all.

[SupremeSpod]

I don't think my credit rating is that good to get £38k on credit cards... strange customs in this country - somebody with cash but no credit card won't have good credit rating

Is that why you went to DFS for your new sofa?

[MarillionFan]

So you get this money from where? As you've said you are skint at the moment.

Or, are you hoping to shift the money owed to a new card when the 3.5% deal runs out? What if that deal is worse than 3.5%, what if the next deal, isn't very good? Say you have to pay 6.5% next year, all gains wiped out. What if there are no good deals as the interest rates have risen?

It's not the pie in the sky you think it is MF, and if you've been doing this for 15 years and only making 1k a year, you are really not that good at it...

I never said skint. I said cash flow. Big difference. I choose to tie up all of my money last April, but due to some fannying about a number of 1 year bonds didn't go through until May. Coupled with a rather aggressive approach to buying a BTL & building plot for cash in Jan and then discovering I couldn't immeditely remortgage because of money laundering laws so I could may off the tranch of credit cards I had stoozed and start building I have made a double whammy. So another stooze is played.