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.

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