Stoozing is back: how to make extra cash using credit cards

“Stoozing” is the process of borrowing money at 0% and earning a high return. But is it too good to be true? Rupert Hargreaves explains what it is and how you can potentially benefit.

Piggy bank and credit cards
(Image credit: © Andrii Dragan / Alamy)

Stoozing is back! But what is stoozing, I hear you ask?

For those not in the know, Stoozing is the process of leveraging a great credit score, 0% interest credit card offers and high-interest rates on savings accounts to achieve a relatively risk-free profit.

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Rupert Hargreaves
Contributor and former deputy digital editor of MoneyWeek

Rupert is the former deputy digital editor of MoneyWeek. He's an active investor and has always been fascinated by the world of business and investing. His style has been heavily influenced by US investors Warren Buffett and Philip Carret. He is always looking for high-quality growth opportunities trading at a reasonable price, preferring cash generative businesses with strong balance sheets over blue-sky growth stocks.

Rupert has written for many UK and international publications including the Motley Fool, Gurufocus and ValueWalk, aimed at a range of readers; from the first timers to experienced high-net-worth individuals. Rupert has also founded and managed several businesses, including the New York-based hedge fund newsletter, Hidden Value Stocks. He has written over 20 ebooks and appeared as an expert commentator on the BBC World Service.