This episode of the Your Recipe for Financial Success podcast was published on 20th May 2021. You can listen again by heading to our Episodes page, or on your favourite podcast player.

In this episode, Emma, Julie and Becky are venturing into the depths of credit cards!

Episode Highlights

Here is everything you need to know about Credit Cards, at a glance:

• Credit Cards are different to store cards (see our other episode on store cards for more information)
• Credit Cards can be really good and even advantageous when in the right hands and monthly repayments are kept up with. They are useful for building up your credit score
• Some Credit Cards may offer you points or benefits when you spend money on them
• Balance transfers can be useful to give you a breather from further interest accumulating on the credit card, especially if transferring to a 0% deal
• Money transfers are where the balance is added to the credit card, but the money is sent as a payment directly to your bank account. They usually have a negative impact on your credit rating and can have a high level of interest charged.

If you would like to get your teeth into even more financial recipes, check out our other podcasts on our episodes page.