Posted on July 28, 2009 - by admin

Reducing Interest Paid on UK Credit Cards

If you want to avoid paying interest on credit cards and take a longer time in repaying your debt, you can get into stoozing. Those who are experts in stoozing can avoid huge interests on credit cards.  They make huge spending on one or two credit cards and then apply for two or three more cards and take the interest free balance transfer offers from the second set of cards. These cards automatically give an interest free balance transfer offer of nine to ten months. After nine or ten months, you apply for another set of UK credit cards and take the balance transfer offers on those cards and continue with the interest free  period. By doing this you can enjoy the benfits of credit cards whilst paying no interest.

People who can ‘stooze’ effectively do not get into a debt trap. Sometimes they put the credit card money in high interest schemes and earn a lot of money in the process. Credit card users who know the process quite well use it effectively and can save thousands of pounds every year. You must get the entire information about the balance transfer before using it.