Martin Lewis shares golden rules to help shift credit card debt
How to avoid credit card debt on 0% cards – Martin Lewis explains
- Martin Lewis has shared his "golden rules" for using balance transfer credit cards to help individuals avoid credit card debt.
- These essential tips were presented on "The Martin Lewis Money Show Live" for those with 0% interest credit cards.
- A primary rule is to never miss monthly repayments, as doing so could result in losing the interest-free rate.
- Lewis strongly advised against using the balance transfer card for any new spending or cash withdrawals.
- He humorously suggested freezing the card in a bowl of water to prevent impulsive use without having to destroy it.