Finance

Martin Lewis: How credit cards can be used to clear overdrafts – best 0% deal revealed

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.”

READ MORE: Martin Lewis gives insight on ‘huge intervention’ from government



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