Stoozing is how some make money from credit cards. The way it is done is to apply and be accepted for a credit card with a zero percent introductory rate.

The next step is to take out a cash advance and to place the cash into a high interest savings account. The money accrues and before the introductory rate ends leaving enough money to pay the balance while providing extra money.

In order to gain a decent amount of money while stoozing, one must repeat the process, be sure that there are no fees attached to the cash advance, and be extremely responsible with money and deadlines. It would only take one minor mistake, such as forgetting when the zero percent introductory rate ends to ruin any chances of profiting.

Click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!