Martin Lewis has also become adept at handling questions on the fly and he continued to be on fine form last night.
A viewer named Matthew Collison asked Martin the following question: “Can you put an overdraft onto a zero percent credit card and pay off over the longer term to stop the 40 percent coming into force?”
This is a very pertinent question given that many banks plan to raise their overdraft charges in the coming weeks and months.
Fortunately, Martin provided some good news in his response: “Yes, you have to use a special credit card called a money transfer credit card, a zero percent money transfer which pays the money into your bank account which will then clear your overdraft so you will owe the credit card the money.”
Published at Sat, 11 Jul 2020 03:00:00 +0000