Stoozing


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Stoozing

The practice in which the holder of multiple credit cards profits from taking advantage of differing interest rates and moving balances between cards.
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References in periodicals archive ?
pounds 107 TAKE out a zero-percent credit card and, instead of spending on it, put the money into a high-interest savings account - it's called stoozing. If you put pounds 5,000 into a 6.4 per cent AER savings account for four months, you would end up making pounds 106.56.
pounds 107 TAKE out a zero per cent credit card and, instead of spending on it, put the money into a highinterest savings account - it's called stoozing. If you put pounds 5,000 into a 6.4 per cent AER savings account for four months, you would end up making pounds 106.56.
3 STOOZING THIS is a slang term to describe borrowing money at little or no interest and putting it away in a high-interest account.