Can I make the occasional purchase on my Stoozing cards ?
Yes and No. If your card is a 0% on Balance Transfers with a normal rate for purchases, do not use it for purchases. When you make your minimum monthly payments the credit card company allocates that payment against your lowest rate debt i.e. they will reduce the 0% Balance Transfer amount, not your purchase amount. This means that you will be charged interest on your purchase every month. You have no way of avoiding interest for the rest of the introductory period unless you pay off the full balance and start again. However, if your card offers 0% for Balance Transfers and 0% for Purchases then you can make purchases. Watch out for another little catch. Quite often credit card companies make the 0% period shorter for purchases than they do for Balance Transfers so they could still catch you out and get you to pay interest. Compare purchase and BT rates on our tables.
No. If your card is a 0% on Balance Transfers with a normal rate for Purchases, do not use it for purchases. When you make your minimum monthly payments the credit card company allocates that payment against your lowest rate debt i.e. they will reduce the 0% Balance Transfer amount, not your purchase amount. This means that you will be charged interest on your purchase every month. You have no way of avoiding interest for the rest of the introductory period unless you pay off the full balance and start again. Do not use such a Stoozing card for purchases ! Of course, if your card offers 0% for Balance Transfers and 0% for Purchases then you can make purchases. However, watch out for another little catch. Quite often credit card companies make the 0% period shorter for purchases than they do for Balance Transfers so they could still catch you out and get you to pay interest. 15.
