Lewis warns people using debit cards over credit cards

Martin Lewis has issued a warning to anyone who uses a debit card instead of a credit card to make their payments.

- REBECCA WHITTAKER

The money expert shared his advice on his BBC podcast, explaining why debit cards could actually sometimes have steeper charges than credit cards.

He said: “Many people tend to think a credit card’s bad, debit card’s good, but it just isn’t that simple. If you are overdrawn, a debit card is a debt card too, and a typical high street overdraft is at 40 per cent annual interest compared to a high street credit card at 25 per cent annual interest.”