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Martin Lewis: Why you can’t afford NOT to look into credit card balance transfers

Martin Lewis explains how a credit card balance transfer can help you clear your debt.

Speaking to 5 Live’s Nihal Arthanayake , he said: “If you have debt on a credit card and you’re paying interest and you can’t afford to pay that credit card off in full, then you can’t afford not to check whether you can get a balance transfer on your credit card.

“A balance transfer is when you get a new credit card that pays off the debt on your existing credit card or cards for you, so you now owe a new credit card but at a cheaper rate, usually 0%.â€

This clip was originally from Nihal Arthanayake on Wednesday 12th June 2024.

Listen to the Martin Lewis Podcast on Â鶹ԼÅÄ Sounds.

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1 minute