ChestertonGrant:

All well and good, but what happens when you get to the point of the card providers refusing to give you a new card because you already have credit facilities of £50,000? Or when they don't give you enough of a limit and you can't transfer the whole balance over? It's a gamble that could result in you paying in the high-teens in credit card interest just to save on your 5% mortgage.

not really, you can roll over old cards again and again, as once old ones are cancelled, you can re-apply 6 months later. You make the payments from the offsets linked savings account, so as cards expire, you always have access to the cash to pay it off if you can't renew with another card.

I ve been rolling a "debt" around on my offset for years. A lot of people call this stoozing.

With an offset mortgage this is simple. You simply pay yhte card off with the credit balance that you built up. Also if you cancel any unused cards, the available credit recorded against your name doesn't build up to that figure.

All well and good, but what happens when you get to the point of the card providers refusing to give you a new card because you already have credit facilities of £50,000? Or when they don't give you enough of a limit and you can't transfer the whole balance over? It's a gamble that could result in you paying in the high-teens in credit card interest just to save on your 5% mortgage.

I find that it is possible to really make some cash from cards with a 0% Balance transfer even if you do not have an existing debt! MBNA allow you transfer money from the new card to anywhere and I put these monies on my off-set mortgage account and get a tax free return of over 5%. If you have a credit limit of £15k this is about £750 quid a year. If the card provider insist that the balance goes to another credit card (but you have no debt on other cards) why not transfer it to the egg money card. This then will pay interest to you whilst the card is in credit. Or why not transfer it from there to your off-set mortgage! There is a 'mint' to be made but remeber to keep the minimum monthly payments up to date. I have lost the 0% deal by being late in the past and was charged £25 too!

Make sure your write and cancel any cards with nil balances as this should help with your credit scoring.

It's getting tougher to be a rate tart - anyone got any tips on how to beat the system?