The Martin Lewis Podcast Credit & Debit Card Q&A special: How credit scoring works, best 0% deals, stoozing, top cards abroad
Apr 30, 2025
Dive into the world of credit and debit cards with insights on managing debt and selecting the best options. Learn the truth behind credit scoring and how it affects loan approvals. Discover savvy strategies, like stoozing, to maximize savings and pay off mortgages more efficiently. Plus, find out the top credit cards for international travel and enjoy a wealth of tips to enhance your financial health!
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Choose Card Based on Purpose
- Choose a credit card based on your specific need: borrowing, building credit, or rewards.
- Always pay off your balance in full each month to avoid interest if using as a transaction card.
Use Balance Transfers Wisely
- Use a balance transfer card to shift debts at 0% interest for a set period.
- Choose a card based on the length of 0% and fee you can afford, and avoid spending on it.
Pay Off or Stooze Balances
- Pay off 0% balance transfers if you can to be debt free and stress free.
- Alternatively, save your money in a high interest account and pay off the debt before the 0% ends (stoozing).