Are you using the wrong type of credit card?

You could save hundreds of pounds in interest by switching
James RoweSenior Video and Audio Content Creator

In August, the average credit card APR reached a record high of 35.7%. But with some balance transfer cards currently offering up to 34 months interest-free, is it time to switch?

In this episode of the Which? Money podcast, we’re joined by Which? Money journalist Holly Lanyon and Adam French, head of news at Moneyfacts. They explain why APRs are climbing so high and what to look out for when applying for a new card.

Plus, with retailers like Ikea now unveiling their own types of credit card, we weigh up the benefits and risks involved with using cashback and reward cards.

Click to download a transcript of this podcast.

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