Stoozing works, you can make some money doing it.
The top line figures that MB is quoting, aren't grounded in reality, because they don't take in to account the cost deductions such as the monthly repayments and taxation on the interest.
There's plenty of Youtube videos and articles covering it - here's an article from Which. External Link/Members Only
The article from Which broadly concurs with my calculations. The best return they came up with for £6k used on a card (in various formats) is £359 - that doesn't take in to account taxation. And also note deposit account interest rates have come down since the article was revised on 4th October 2025.
If MB can show us some actual flowing figures with details to show how he gets to his figures, not hyperbole, that would be great. If not he needs to stop making the claims he's making.
Thank you. Stoozing works
Claims I am making? I’ve told you it’s a small amount and I do it mainly to help cash flow and other benefits.
You keep asking for figures. It’s £450 per annum per £10k borrowed. It’s only 4.5%. That’s real, easily achieved. (In reality it’s more since I also transfer into my S&S ISAs plus the previously mentioned pension/salary sacrifice)
Re run your calculation:
1) without the income tax on interest.
I utilise tax free savings (ISA/NS&I) average of 4.5%.
Any excess is diverted into my pension and through salary sacrifice or my tax return my taxable income is below the 40% threshold. Even so the first £1000 of interest earned for 20% tax payers is exempt. That gives an additional £22,222 tax free pot at 4.5% gross interest.
So that’s £42k per year tax free plus £50k in premium bonds, plus previous years ISA contributions tax free! So accept I ain’t paying tax on my earnings.
2) without the monthly repayment deductions.
Your balance sheet does not model the real world of never never credit. I am not trying to pay this debt off! Yes for most of my credit cards there is a 1% repayment per month (not £60k / 36months), however I spend around £2k a month on a different 0% purchase card. Some of this is claimed back as cash for work expenses so this more than covers the 1% repayment for all cards and my monthly household bills. I payback the absolute minimum. I increase my debt every month and at the end of the term I transfer the purchase card to a new balance transfer card “kick the can down the road for ever” as mentioned by SH.
3) Dont add a transfer fee. I didn’t pay any fees for 5 cards that I have. There are still zero fee balance transfer cards available although most are now 12 to 14 months but that is fine, since you just transfer again in a years time.
4) £1 is a £1 except when it’s 100p. Even my Aunt Norma’s Goldfish Nemo (without the white stripe) knows that! Some £1 are spent / invested more wisely than others. Having more (borrowed or earned) helps.
I ain’t posting my bank / credit card / ISA statements or disclosing my net worth.
I have mentioned the above points several times. They are real for my circumstances maybe not yours.
