Glossary: Stoozing

Stoozing means racking up purchases on a 0% interest credit card until the credit limit is reached and then depositing the money you would have otherwise spent paying off the credit card in a high interest bank account. When the introductory 0% rate on the credit card is coming to an end, you withdraw the cash from the bank and pay the card off in full. This way, “stoozers” make money by paying no interest on their purchases while earning interest on the money they would otherwise have been spending. Not to be confused with a rate tart, as rate tarts shuffle debts to prolong the day when they have to eventually pay them off.

Relevant to: Credit cards

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