How much money could I make from Stoozing ?
Between £400 and £2500 per year would be typical, but more is possible. It depends on how much money you can borrow from credit cards (CC) and what interest rate is being paid on your savings. e.g. if you borrow £30,000 from Credit cards (CC’s) and save that in an account for one year that pays 4.7% gross, you will earn £1,410 before tax. For a normal rate taxpayer this would be around £1,100 after tax and £850 for a higher rate taxpayer. Use the stooz calculator to try your own figures.
Between 400 and 1500 per annum would be typical, but more is possible. It depends on how much money you can borrow from credit cards and what interest rate is being paid by your savings account. How much you can borrow depends on your credit rating, which in turn depends on many factors such as your earnings and what other debts you have. For example if you borrow 30,000 from credit cards and save that in an account that pays 4.7% gross interest per annum, you will earn 1,410 before tax. For a normal rate taxpayer this would be approximately 1,100 after tax and for a higher rate taxpayer this would be nearly 850 after tax.
