Are you using the wrong type of credit card?

In August, the average credit card APR reached a record high of 35.7%. But with some balance transfer cards currently offering up to 34 months interest-free, is it time to switch? In this episode, we’re joined by Which? Money journalist Holly Lanyon and Adam French, Head of News at Moneyfacts to explain why rates of APR are climbing so high and what to look out for before applying for a new card. Plus, with retailers like Ikea now unveiling their own types of credit card, we explain the benefits and risks involved with using cashback and reward cards. Read more about switching to a different credit card (https://www.which.co.uk/news/article/should-you-switch-your-credit-card-a3ZMs0f7kEpB) & sign up for our free weekly Money newsletter (https://signup.which.co.uk/wlp-money-newsletter) Find out the best credit card deals this month (https://www.which.co.uk/money/credit-cards-and-loans/credit-cards/best-credit-card-deals/best-credit-card-deals-azBc81J579Kj) & read more about the latest cashback and reward cards (https://www.which.co.uk/news/article/ikea-and-lloyds-both-launch-new-credit-cards-heres-how-they-compare-aISDF2T4XobN) Listen to our episode about credit scores (https://www.which.co.uk/news/article/which-money-podcast-why-your-credit-score-could-be-wrong-aN6hI2h9Frqe) Click here to send us an email (mailto:podcasts@which.co.uk) Get 50% off an annual Which? membership (https://which.co.uk/podcastoffer) Become a Which? Money member (https://signup.which.co.uk/wlp-money?internalReferral=Money_editors) to access 1-to-1 guidance